Oracle scores as first-quarter cloud sales reach $1.5 billion

SPORT Peter Lester Oracle's exit would be no loss 15 Sep 2017 4:59pm 2 minutes to read Oracle Team USA

Oracle Corporation (NYSE:ORCL) has risen 14.08% since September 15, 2016 and is uptrending. It has underperformed by 2.62% the S&P500. Zacks Investment Research now has $59.00 price objective on the enterprise software provider's stock. Over the last three months, the shares of the company have changed 18.15% and performed 15.44% over the last six months.

Analysts await Flotek Industries Inc (NYSE:FTK) to report earnings on November, 1. Analysts on average were projecting adjusted earnings of 68 cents a share and revenue growth of about 4.7%, according to FactSet.

First Republic Investment Management Inc increased Dominion Res Inc Va New (NYSE:D) stake by 17,004 shares to 106,337 valued at $8.14 million in 2016Q4. The dividend payment was $0.190 per share for the quarter which comes to $0.76 on an annualized basis. Oracle Corporation also announced a dividend for shareholders paid on Wednesday August 2nd, 2017. Most recently, in July 2017, Thomas Kurian, the President-Product Development of ORCL sold 750,000 shares for a total of $37,837,500.

Among 13 analysts covering Lloyds Banking (NYSE:LYG), 4 have Buy rating, 6 Sell and 3 Hold. The stock was sold at an average price of $38.72, for a total transaction of $1,742,400.00. Citigroup maintained KeyCorp (NYSE:KEY) on Monday, August 22 with "Buy" rating. The stock declined 7.06% or $3.73 reaching $49.13 on the news. The firm has "Buy" rating by Drexel Hamilton given on Saturday, October 10. Finally, Moffett Nathanson assumed coverage on Oracle Corporation in a report on Wednesday, September 6th. BTIG Research maintained the shares of ORCL in report on Thursday, July 14 with "Buy" rating. The firm has "Outperform" rating given on Thursday, March 16 by BMO Capital Markets. Its down 0.38, from 1.71 in 2016Q3. It dropped, as 61 investors sold KEY shares while 226 reduced holdings. Fiera reported 6.55M shares. About 246 shares traded. Cap Guardian Tru holds 0% or 2,144 shares. Inv Partners Ltd Oh Adv owns 19,004 shares. New York-based Cullen Mngmt Ltd Liability Corporation has invested 0.03% in Oracle Corporation (NYSE:ORCL).

Right now, USG's beta is 0.96. Connable Office Inc accumulated 23,715 shares. Stillwater Management Lc holds 26,062 shares or 0.52% of its portfolio. Burney has invested 1.15% in Oracle Corporation (NYSE:ORCL). State Street, a Massachusetts-based fund reported 2.19M shares.


Oracle Corp. (NYSE: ORCL) released fiscal first-quarter financial results after markets closed Thursday. Oracle Corporation makes up approximately 2.0% of Stockman Wealth Management Inc.'s portfolio, making the stock its 15th biggest holding.

Analysts have given a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 80% are positive. The company was initiated on Wednesday, January 11 by Wells Fargo.

As many analysts on the call asked about its outlook for lower margins, Oracle's stock began to sink after-hours. Wedbush maintained the shares of USG in report on Thursday, October 27 with "Neutral" rating.

Investors sentiment increased to 1.49 in 2016 Q4. 87 funds opened positions while 431 raised stakes. Stoneridge Investment Ltd Liability Corporation invested in 102,036 shares or 0.13% of the stock. Ftb Incorporated owns 17,197 shares or 0.09% of their U.S. portfolio. North Star Asset Mngmt Inc invested 0.47% of its portfolio in Oracle Corporation (NYSE:ORCL). Eastern Bank & Trust invested 0.03% of its portfolio in Oracle Corporation (NYSE:ORCL).

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