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Oracle Dips on Q1 Numbers
16 September 2017, 01:20 | Lionel James
Oracle Dips on Q1 Numbers
This recommendation lands on a scale between 1 and 5. About 57.14 million shares traded or 418.98% up from the average. It is down 16.06% since September 15, 2016 and is downtrending. It has underperformed by 16.53% the S&P500. One of the big contributors to growth was its NetSuite business, which it acquired a year ago while Oracle's on-premises database software business was a continued drag. For the outlook of the current financial quarter, Analysts think the firm will post 0.61 earnings per share.
On 7/5/2017 Bruce R Chizen, Director, sold 206,250 with an average share price of $49.75 per share and the total transaction amounting to $10,260,937.50. The mean rating score for this stock is at 3.00. Apg Asset Mngmt Nv stated it has 9.23 million shares. Morgan Stanley maintained Oracle Corporation (NYSE:ORCL) on Friday, June 23 with "Equal Weight" rating. It has underperformed by 2.62% the S&P500.
Verizon Communications Inc. (VZ) exchanged hands at an unexpectedly low level of 11.8 million shares over the course of the day. As of quarter end Gwm Advisors LLC had acquired a total of 1,191 shares growing its stake by 17.2%. Therefore 73% are positive. The stock was sold at an average price of $48.86, for a total value of $183,225.00. Lockheed Martin Investment Management Co. boosted its stake in Oracle Corporation by 21.4% during the 1st quarter. Finally, Howe & Rusling Inc. lifted its holdings in shares of Oracle Corporation by 2.1% in the first quarter. The firm earned "Buy" rating on Monday, September 19 by Vertical Research. Citigroup maintained KeyCorp (NYSE:KEY) on Monday, August 22 with "Buy" rating. Jefferies maintained the shares of USG in report on Wednesday, July 27 with "Hold" rating. CL King downgraded USG Corporation (NYSE:USG) on Monday, July 24 to "Neutral" rating. Prnewswire.com's article titled: "Flotek Industries, Inc". Flossbach Von Storch Ag accumulated 0.43% or 688,670 shares. The stock rose 3.79% or $0.13 reaching $3.56. Yhb Invest Advsr Inc accumulated 286,174 shares or 2.29% of the stock. The stock was trading at a distance of -0.17% from its 52-week highs and stands 40.35% away from its 52-week lows. Ahl Partners Limited Liability Partnership holds 160,749 shares.
However, after adjustments to the earnings numbers, which is a common occurrence when their accountants add or remove one-time costs for depreciation, amortization and other items, earnings actually came in at $0.62 per share. Maryland Capital Management invested in 14,693 shares. Verition Fund Management Ltd Liability holds 0.09% of its portfolio in Oracle Corporation (NYSE:ORCL) for 26,745 shares.
Analysts await General Electric Company (NYSE:GE) to report earnings on October, 20 before the open. Oracle stock moved to levels that would have been all-time highs after revealing a first-quarter earnings beat Thursday afternoon, but shares dropped to a decline of about 5% when the company revealed its guidance on a conference call. GE's profit will be $4.33B for 12.07 P/E if the $0.50 EPS becomes a reality. Next quarter's EPS is expected be $0.74 with next year's EPS anticipated to be $3.19.
For the period ended August 31, Oracle reportedrevenue of $9.2 billion, up 7% from the year-ago quarter, with adjusted earnings of 62 cents, up 13%, and both beating the consensus estimate for the third straight quarter. It also reduced its holding in Scotts Miracle (NYSE:SMG) by 22,400 shares in the quarter, leaving it with 787,001 shares, and cut its stake in Pinnacle West Capital Corp (NYSE:PNW). Oracle Corporation (NYSE:ORCL) has risen 14.08% since September 14, 2016 and is uptrending. Peoples Fincl Corp invested in 24,688 shares. Stifel Nicolaus maintained Oracle Corporation (NYSE:ORCL) on Sunday, September 10 with "Buy" rating. Dekabank Deutsche Girozentrale holds 0.59% or 1.43M shares. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The Michigan-based Chemical Bancorporation has invested 0.4% in Oracle Corporation (NYSE:ORCL). BTIG Research reiterated a "buy" rating and issued a $47.00 target price on shares of Oracle Corporation in a research note on Sunday, December 4th. Orrstown Fincl Ser holds 1,543 shares or 0.06% of its portfolio.
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