Front Barnett Associates LLC Has Decreased Position in Oracle Corporation (ORCL) by $3.23 Million

January 16, 2018 - By Marie Mckinney

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.18, from 0.95 in 2017Q2. It increased, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. Perritt Capital Mngmt Inc holds 11,545 shares or 0.15% of its portfolio. 755,875 were reported by Vaughan David Invs Il. First Republic Inv Mngmt invested in 1.71M shares. Indiana Tru & Investment Management holds 60,059 shares or 1.4% of its portfolio. Pitcairn Co stated it has 25,697 shares. South State invested in 0.75% or 138,350 shares. Soros Fund Management Llc reported 150,000 shares or 0.17% of all its holdings. Odey Asset Mgmt stated it has 123,000 shares or 0.54% of all its holdings. Amica Mutual Comm owns 262,474 shares. Atwood Palmer Inc holds 14,005 shares. 14,176 were accumulated by Oakworth. Barton Mgmt holds 0.13% or 11,375 shares. Moreover, Jensen Inv Mgmt has 4.81% invested in Oracle Corporation (NYSE:ORCL) for 7.37M shares. Vanguard Inc invested in 0.48% or 210.92 million shares. Adams Diversified Equity Fund holds 0.32% or 122,200 shares.

Front Barnett Associates Llc decreased its stake in Oracle Corporation (ORCL) by 70.57% based on its latest 2017Q3 regulatory filing with the SEC. Front Barnett Associates Llc sold 67,367 shares as the company’s stock rose 5.35% with the market. The institutional investor held 28,098 shares of the prepackaged software company at the end of 2017Q3, valued at $1.36 million, down from 95,465 at the end of the previous reported quarter. Front Barnett Associates Llc who had been investing in Oracle Corporation for a number of months, seems to be less bullish one the $204.95B market cap company. The stock increased 1.14% or $0.56 during the last trading session, reaching $49.51. About 15.98 million shares traded or 6.08% up from the average. Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 16, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Front Barnett Associates Llc, which manages about $703.04 million and $568.55M US Long portfolio, upped its stake in Amazon.Com Inc (NASDAQ:AMZN) by 4,035 shares to 9,774 shares, valued at $9.40 million in 2017Q3, according to the filing.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on March, 21. They expect $0.66 earnings per share, up 4.76 % or $0.03 from last year’s $0.63 per share. ORCL’s profit will be $2.73 billion for 18.75 P/E if the $0.66 EPS becomes a reality. After $0.62 actual earnings per share reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 6.45 % EPS growth.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle: A Classic Case Of Cannibalization” on December 27, 2017, also Seekingalpha.com with their article: “Oracle Falls On Q2 Guidance: A Reassessment” published on December 18, 2017, Reuters.com published: “Oracle Corp to buy Australia’s Aconex for $1.19 billion” on December 17, 2017. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Investorplace.com and their article: “Monday’s Vital Data: Teva Pharmaceuticals, Inc. (TEVA), Oracle Corporation …” published on December 18, 2017 as well as Seekingalpha.com‘s news article titled: “Oracle Ready To Battle Amazon AWS” with publication date: January 08, 2018.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 38 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Oracle has $65 highest and $37 lowest target. $53.21’s average target is 7.47% above currents $49.51 stock price. Oracle had 103 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Thursday, June 22. The firm earned “Market Perform” rating on Thursday, March 16 by JMP Securities. The rating was maintained by BMO Capital Markets on Wednesday, August 16 with “Buy”. The firm has “Equal-Weight” rating given on Wednesday, November 11 by Morgan Stanley. The stock of Oracle Corporation (NYSE:ORCL) has “Outperform” rating given on Friday, December 16 by RBC Capital Markets. JP Morgan upgraded the stock to “Neutral” rating in Wednesday, June 29 report. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Thursday, October 19 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, December 16. The rating was maintained by BMO Capital Markets with “Buy” on Monday, October 2. Deutsche Bank maintained the stock with “Hold” rating in Friday, June 17 report.

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