Stockman Wealth Management Inc. Boosts Stake in Oracle Corporation (NYSE:ORCL)

Stockman Wealth Management Inc. Boosts Stake in Oracle Corporation (NYSE:ORCL)

Rosenblatt Securities now has a $58.00 price target on the enterprise software provider's stock.

RBC Capital Markets analyst Ross MacMillan maintained an outperform rating on Oracle and a price target of 56.

UBS AG reaffirmed a buy rating and issued a $52.00 price objective (up from $48.00) on shares of Oracle Corporation in a report on Thursday, June 22nd.

As many analysts on the call asked about its outlook for lower margins, Oracle's stock began to sink after-hours. On an adjusted basis, Oracle earned 62 cents per share, beating estimates by 2 cents. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. This represents the Zacks consensus EPS measured at the time of writing. Its shares have gained 37.3% in 2017 through Thursday's close, while the S&P 500 index has gained 11.6% in that same time frame. In order to determine directional movement, the 50-day and 200-day moving averages for Oracle Corporation (NYSE:ORCL) are $49.96 and $46.89. Mean recommendation is rated on a 1 to 5 scale.

Ahead of the opening bell at 1357 BST, Oracle shares were trading 3.39% lower at $51.00. Co-Chief Executive Safra Catz said Oracle expects adjusted profit of 64 cents to 68 cents a share in the fiscal second quarter, with year-over-year revenue growth of 2% to 4%, all in constant currency.

"We believe Oracle will at least meet our 1Q:FY18 revenue estimate of $9.03 billion (up 5% YoY; Street is at $9.03 billion) and slightly exceed our EPS projection of $0.61 (Street is at $0.60)". Clifford Swan Inv Counsel Ltd Liability Corp owns 1.26% invested in Oracle Corporation (NYSE:ORCL) for 490,313 shares.

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Revenue was $9.2 billion vs. $9.02 billion as expected by analysts. Earnings rose 21% to $2.21 billion, or 52 cents a share, from $1.83 billion, or 43 cents a share, a year earlier.

Though the company's total revenues were up a healthy 7%, cloud related sectors of the business went up even faster.

While expectations were not far short of reality, Oracle generated earnings of $0.62 per share, a $0.02 improvement on the predicted figure. If you are accessing this news story on another publication, it was illegally copied and republished in violation of global copyright & trademark law. The firm has "Buy" rating by Drexel Hamilton given on Saturday, October 10. The company has a market capitalization of $169.88 billion, a PE ratio of 19.77 and a beta of 1.14. Keycorp had 84 analyst reports since July 20, 2015 according to SRatingsIntel. Cbre Clarion Securities Llc owns 4.40 million shares or 4.38% of their U.S. portfolio. The shares were sold at an average price of $50.94, for a total value of $10,188,000.00. The institutional investor held 89,380 shares of the major banks company at the end of 2016Q4, valued at $1.63M, down from 149,030 at the end of the previous reported quarter. The disclosure for this sale can be found here. Also, Director Bruce R. Chizen sold 206,250 shares of the company's stock in a transaction on Wednesday, July 5th.

On 12/18/2013 Oracle Corporation announced a quarterly dividend of $0.12. Partnervest Advisory Svcs Ltd Liability Corp reported 7,116 shares.

TRADEMARK VIOLATION WARNING: "Oracle Corporation (ORCL) Rating Reiterated by Mitsubishi UFJ Financial Group" was posted by TrueBlueTribune and is the property of of TrueBlueTribune. Cap Advisors Ok stated it has 0.02% in Oracle Corporation (NYSE:ORCL). Finally, Vanguard Group Inc. grew its position in Oracle Corporation by 2.6% during the 2nd quarter.

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide.

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