Oracle Corporation (ORCL) Downgraded to Hold at BidaskClub

Oracle Corporation (NYSE:ORCL) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a report issued on Tuesday, May 23rd. The company's offerings in SaaS and PaaS have gained significant momentum in the past few quarters, which improves competitive position against salesforce.com and Workday. Westpac Banking Corp bought 1.57 million shares as the company's stock rose 5.35% with the market. However, the transition from on-premise licensing to cloud-based subscription business model will take some more time to complete, which will impact near-term results. Macquarie Research downgraded the shares of IP in report on Tuesday, October 18 to "Underperform" rating. As per Thursday, June 22, the company rating was upgraded by Wedbush. The stock now has a consensus rating of Buy and a consensus target price of $49.58. Jefferies Group LLC reissued a "buy" rating and issued a $52.00 target price on shares of Oracle Corporation in a research note on Friday, May 19th. TheStreet upgraded Oracle Corporation from a "c+" rating to a "b" rating in a research note on Tuesday, February 28th. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Its last month's stock price volatility remained 1.68% which for the week stands at 1.30%.

Oracle Corporation (NYSE:ORCL)'s market cap, the total dollar value of all of their outstanding shares, is 205086.68m. Braver Wealth Mgmt Limited Liability Company reported 60,879 shares.

The stock last traded at $50.30 which is slightly above the 50 day moving average which is $45.18 and barely above the 200 day moving average of $42.67. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.83. The company has market cap of $794.00 million. For the outlook of the current financial quarter, Analysts think the firm will post 0.71 earnings per share. The high and low revenue estimates for the current quarter are $9.55 Billion and $9.17 Billion, respectively.

Return on Assets (ROA) for Oracle Corporation NYSE:ORCL Application Software is now valued at 7.40%. The company reported revenue of $9.58 Billion in the same period a year ago.

Analysts expect International Paper Co (NYSE:IP) to report $0.70 EPS on July, 27.They anticipate $0.22 EPS change or 23.91% from last quarter's $0.92 EPS.

Oracle Corporation (ORCL) Downgraded to Hold at BidaskClub

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, July 19th will be issued a dividend of $0.19 per share.

ATR remains at 0.94 while Beta component of the stock stands at 1.08. The ex-dividend date was set for Monday the 10th of April 2017. FSB MO increased its stake in shares of Oracle Corporation by 3.0% in the third quarter. New Mexico Educational Retirement Board has 0.57% invested in Oracle Corporation (NYSE:ORCL) for 321,690 shares. If you are viewing this piece on another website, it was stolen and reposted in violation of United States and global copyright laws. The correct version of this news story can be viewed at [[permalink]]. (BAS) shares have moved -8.38% in the week and -28.49% in the month. Following the transaction, the director now directly owns 8,281 shares in the company, valued at approximately $374,715.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The shares were sold at an average price of $45.25, for a total value of $169,687.50. Volume on the day was 22.6 million shares. The disclosure for this sale can be found here. Company's RSI at present is 51.87. Corporate insiders own 29.00% of the company's stock. A number of hedge funds have recently made changes to their positions in the stock. Sound Shore Management Inc acquired 484,841 shares as Oracle Corporation (ORCL)'s stock rose 5.35%.

Sound Shore Management Inc decreased Walgreens Boots Alliance Inc. stake by 40,655 shares to 1.98M valued at $164.26 million in 2016Q4. OR boosted its position in shares of Oracle Corporation by 259.6% in the fourth quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Lba Wealth Ltd Llc has invested 0.04% in Oracle Corporation (NYSE:ORCL). Credit Suisse Ag invested in 6.49M shares or 0.25% of the stock.

06/22/2017 - Oracle Corporation had its "neutral" rating reiterated by analysts at MKM Partners. Its share price has decline -6.99% in three months and is down -4.80% for the last five trades. Bessemer Group Inc. now owns 3,820,492 shares of the enterprise software provider's stock worth $146,898,000 after buying an additional 735,287 shares during the last quarter. Sowell Financial Services LLC now owns 8,176 shares of the enterprise software provider's stock worth $367,000 after buying an additional 1,593 shares in the last quarter.

Oracle Corporation provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Business's businesses include cloud and on-premise software, hardware and services.