The stock of Oracle Corporation (NYSE:ORCL) is a huge mover today! About 4.45 million shares traded hands. Oracle Corporation (NYSE:ORCL) has declined 2.01% since April 11, 2016 and is downtrending. It has underperformed by 8.15% the S&P500.
The move comes after 8 months positive chart setup for the $162.01 billion company. It was reported on Nov, 11 by Barchart.com. We have $61.51 PT which if reached, will make NYSE:ORCL worth $90.73B more.
Oracle Corporation (NYSE:ORCL) Ratings Coverage
Out of 23 analysts covering Oracle (NYSE:ORCL), 14 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 61% are positive. Oracle has been the topic of 38 analyst reports since July 30, 2015 according to StockzIntelligence Inc. SunTrust upgraded Oracle Corporation (NYSE:ORCL) on Wednesday, September 16 to “Buy” rating. JP Morgan upgraded it to “Neutral” rating and $38 target price in Wednesday, June 29 report. The firm has “Outperform” rating given on Thursday, December 17 by RBC Capital Markets. The stock of Oracle Corporation (NYSE:ORCL) earned “Outperform” rating by BMO Capital Markets on Friday, September 16. The firm earned “Equal-Weight” rating on Wednesday, November 11 by Morgan Stanley. As per Friday, June 24, the company rating was initiated by Cowen & Co. UBS maintained Oracle Corporation (NYSE:ORCL) rating on Wednesday, March 16. UBS has “Buy” rating and $44 price target. The stock of Oracle Corporation (NYSE:ORCL) has “Conviction Buy” rating given on Monday, November 16 by Goldman Sachs. The company was maintained on Thursday, December 17 by FBR Capital. The rating was downgraded by Pacific Crest on Monday, October 19 to “Sector Weight”.
According to Zacks Investment Research, “Oracle Corporation is one of the world’s leading suppliers of software for information management. The company develops, manufactures, markets and distributes computer software that helps corporations manage and grow their businesses. The company’s software products can be categorized into two broad areas: Systems software and Internet business applications software.”
Insitutional Activity: The institutional sentiment is 0.8 in Q2 2016. Its the same as in 2016Q1. The ratio is without change, as 84 funds sold all Oracle Corporation shares owned while 568 reduced positions. only 64 funds bought stakes while 456 increased positions. They now own 2.33 billion shares or 3.19% less from 2.41 billion shares in 2016Q1.
Long Road Counsel Limited Liability Corp, a Michigan-based fund reported 88,488 shares. The France-based Capital Fund Mngmt Sa has invested 0.05% in Oracle Corporation (NYSE:ORCL). Papp L Roy And Associates holds 0.23% of its portfolio in Oracle Corporation (NYSE:ORCL) for 23,398 shares. Landscape Cap Ltd Liability Corp, a New Jersey-based fund reported 33,837 shares. Chevy Chase Holding Inc has 2.76M shares for 0.63% of their US portfolio. Appleton Prtnrs Ma holds 6,289 shares or 0.05% of its portfolio. Prtnrs Limited Oh Adv holds 19,447 shares or 0.79% of its portfolio. The Nebraska-based Farmers And Merchants Investments Inc has invested 0.77% in Oracle Corporation (NYSE:ORCL). Alexandria Ltd Llc has 198,757 shares for 1.45% of their US portfolio. Lazard Asset Mngmt Ltd Limited Liability Company owns 1.50M shares or 0.14% of their US portfolio. Jag Cap Management Lc, a Missouri-based fund reported 36,856 shares. Lloyds Bk Grp Inc Public Lc holds 2.29% or 6,804 shares in its portfolio. Yhb Advisors last reported 284,068 shares in the company. Shelton Management has 99,074 shares for 0.36% of their US portfolio. Evanson Asset Limited Liability Company, a California-based fund reported 7,209 shares.
More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Profitconfidential.com which released: “Oracle Corporation: ORCL Stock Overcomes a Major Hurdle” on November 08, 2016, also Fool.com with their article: “Better Buy: International Business Machines Corporation vs. Oracle” published on November 09, 2016, Fool.com published: “Better Buy: Cisco Systems Inc. or Oracle Corporation?” on October 26, 2016. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Reuters.com and their article: “Oracle says majority of NetSuite holders back acquisition” published on November 05, 2016 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Monday: Amazon.com, Inc. (AMZN), Oracle Corporation (ORCL …” with publication date: November 07, 2016.
ORCL Company Profile
Oracle Corporation (Oracle), incorporated on October 9, 2005, provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. The Company’s hardware business consists of two divisions, including hardware products and hardware support. The Company’s services business includes activities, such as consulting services, enhanced support services and education services, among others.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.