Sell-side is Weighing in on Oracle Corporation (NYSE:ORCL) Earnings & Targets
Feb 17 2017 by Michele Stevens
Stifel Nicolaus reduced their price target on shares of Oracle Corporation from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, December 16th. "Oracle have expressed they want to to get out there and grab the market share, so they're going to be helping the top tier partners grow and develop". Moreover, the comany's decision to fine commercial users of Java SE augurs well for topline growth in the future. Its sales stood at 0.80% a year on average in the period of last five years. The recent change has given its price a 4.99% lead over SMA 50 and 0.01% lead over its 52-week high. The 52-week high of the share price is $42 and the 52-week low is $35.42. It has been assigned a low target price of $2.5 and a high target price of $5.
Insider Trades for Oracle Corporation show that the latest trade was made on 16 Jan 2017 where Garcia-Molina (Hector), the Director completed a transaction type "Buy" in which 1875 shares were traded at a price of $22.84. 2 stock experts have also suggested a buy rating. The third largest holder is State Street Corp, which now holds $5.05 billion worth of this stock and that ownership represents almost 3% of its market capitalization.
Oracle Corporation (NYSE:ORCL) opened at 41.41 on Thursday. The stock hit its 52-Week High on Mar 21, 2016 and 52-Week Low on Feb 24, 2016. Presently, Oracle Corporation (NYSE:ORCL)'s 6 month price index is 1.00944.
While taking a glance at financials, we can look at a number of key indicators about Oracle Corporation's (ORCL). The high end of the earnings forecast is $0.82 per share and low end is $0.69 per share. The average analysts gave this company a mean recommendation of 2.50. The companys revenue was up.5% compared to the same quarter previous year.
A number of analysts offered their Estimated Earnings analysis for Oracle Corporation (NYSE:ORCL) for the current quarter.
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The business also recently announced a quarterly dividend, which was paid on Thursday, January 26th. T-Mobile also completed its third year of growing service revenues, recording 12% growth in 2016 when all of its peers showed declines. The ex-dividend date of this dividend was Tuesday, January 3rd. The Relative Volume value measured for Oracle Corporation (NYSE:ORCL) is 0.76. If you are viewing this article on another publication, it was stolen and reposted in violation of worldwide trademark and copyright law. Zacks Investment Research raised shares of Oracle Corporation from a "sell" rating to a "hold" rating in a research report on Tuesday, December 27th. Currently, the stock has a 1 Year Price Target of $43.58. Tracking historical volatility may help show how much the share price has varied over the specific time period.
The company is expected to report earnings of 0.76 per share for the current quarter, according to consensus agreement of 18 analysts. A lower value may indicate larger traded value meaning more sell-side analysts may cover the company leading to a smaller chance shares are priced improperly. The shares were sold at an average price of $39.09, for a total value of $146,587.50. Following the transaction, the director now directly owns 52,654 shares of the company's stock, valued at approximately $2,038,762.88. The disclosure for this sale can be found here. First Citizens Bank & Trust Co. now owns 184,655 shares of the enterprise software provider's stock valued at $7,558,000 after buying an additional 178,285 shares during the period.
Institutional investors now hold around $99.05 billion or 60.4% in ORCL stock. Wealth Enhancement Advisory Services LLC bought a new position in shares of Oracle Corporation during the third quarter worth about $2,544,000. After this sale, 15,051 common shares of ORCL are directly owned by the insider, with total stake valued at $625,971. Mackenzie Financial Corp raised its stake in Oracle Corporation by 55.4% in the second quarter.
Oracle Corporation (NYSE:ORCL) now has a consensus Price Target of $43.5.
Oracle Corporation (NYSE:ORCL) is now showing its ROA (Return on Assets) of 7.6%. The companys software products can be categorized into two broad areas: Systems software and Internet business applications software.