Oracle Corporation 4Q F2017 Earnings Released: Shares Rise
- Author: Zachary Reyes Jun 22, 2017,
Jun 22, 2017, 12:58
Over the last quarter, insiders have sold 2,703,091 shares of company stock valued at $121,525,212. The company has a market cap of $188.62 billion, a P/E ratio of 21.68 and a beta of 1.13. The stock declined 0.81% or $0.2 reaching $24.52 on the news.
04/27/2017 - Benchmark began new coverage on Oracle Corporation giving the company a " rating. It has underperformed by 2.62% the S&P500.
"Fortunately, with Oracle, you are more interested in growth in new areas than performance in legacy areas as long as the company is in the black and revenue is increasing", said Rob Enderle, president of technology research firm the Enderle Group. Comparatively, Oracle Corporation posted earnings of $0.72 per share in the same quarter previous year. Kcg Hldg holds 0.12% or 124,622 shares.
About 100,041 shares traded. It has outperformed by 80.12% the S&P500.
Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.16, from 0.95 in 2016Q3. It dropped, as 67 investors sold Oracle Corporation shares while 585 reduced holdings. 158,929 were reported by Grimes Inc. Wesbanco Fincl Bank Incorporated holds 0.54% or 244,875 shares in its portfolio. Pnc Fincl Service Gru accumulated 0.28% or 6.42 million shares. Midas Mngmt stated it has 0.81% of its portfolio in Oracle Corporation (NYSE:ORCL). Moreover, Agran Libbie has 0.69% invested in Oracle Corporation (NYSE:ORCL) for 73,656 shares. Monetary Gru holds 50,760 shares or 0.9% of its portfolio.
TRADEMARK VIOLATION NOTICE: "Oracle Corporation (ORCL) Position Lowered by Diversified Trust Co" was originally published by Transcript Daily and is owned by of Transcript Daily. Revenue was reported as $37.9 billion. It is negative, as 68 investors sold GE shares while 818 reduced holdings.
Grantham Mayo Van Otterloo & Co Llc increased Cimpress N V stake by 110,000 shares to 1.31M valued at $120.01 million in 2016Q4. Autus Asset Management Ltd Liability Corp invested in 0.17% or 20,662 shares. Winfield Associates holds 540 shares. Nine analysts have provided estimates for Oracle's earnings, with estimates ranging from $10.36 billion to $10.52 billion.
Hardware revenue was $1.1bn, down 13 per cent from the year-ago quarter.
Analyst mean recommendation rating on a stock by the analyst community is at 2.10. Therefore 67% are positive.
Analysts on average had estimated a profit of 78 cents per share and revenue of $10.45 billion, according to Thomson Reuters I/B/E/S. The stock has "Neutral" rating by Wedbush on Friday, December 16. The rating was maintained by RBC Capital Markets on Wednesday, October 26 with "Outperform". The company was maintained on Thursday, September 17 by Nomura. Finally, Vetr raised Oracle Corporation from a "hold" rating to a "buy" rating and set a $47.09 target price on the stock in a research report on Monday, March 20th.
Oracle Corporation (NYSE ORCL) opened at 45.84 on Wednesday. The firm has "Mkt Perform" rating by FBR Capital given on Thursday, December 17. Pinebridge Lp has 4,235 shares.
In Basic Materials sector, shares of Noble Energy, Inc. California Employees Retirement Systems holds 144,100 shares or 0.01% of its portfolio. Riverbridge Prns Limited Liability Corporation stated it has 89,555 shares. Boys Arnold Co has invested 0.06% in Masco Corp (NYSE:MAS). Ipswich Mgmt reported 18,428 shares. First Midwest State Bank Division reported 56,441 shares. Bancshares Of Montreal Can holds 0% or 97,779 shares in its portfolio. Ameriprise invested 0.17% of its portfolio in Applied Materials, Inc. Kidder Stephen W accumulated 104,280 shares. Hartford Invest holds 0.57% or 790,083 shares. Brown Brothers Harriman has invested 0% in Sarepta Therapeutics Inc (NASDAQ:SRPT). State Treasurer State Of Michigan invested in 0.51% or 1.68M shares. Arrow Corp owns 57,798 shares. On Thursday, March 16 the stock rating was maintained by BMO Capital Markets with "Outperform". Applied Materials Inc. had 69 analyst reports since August 4, 2015 according to SRatingsIntel. (NASDAQ:AMAT) on Friday, September 25 to "Buy" rating. Finally, Pacific Crest reiterated an "equal weight" rating on shares of Oracle Corporation in a research note on Monday, March 20th. The stock was sold at an average price of $46.44, for a total value of $32,508,000.00. The firm earned "Buy" rating on Wednesday, September 16 by SunTrust. The firm earned "Sell" rating on Friday, July 22 by Standpoint Research.