Barclays Has Just Reaffirmed $60 Target Price Per Share on Oracle (NYSE:ORCL) stock, While They’ve Also Reiterated Their Overweight Rating

September 8, 2018 - By Lisa Delgado

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Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.28, from 1.15 in 2017Q4. It dived, as 83 investors sold Oracle Corporation shares while 569 reduced holdings. 118 funds opened positions while 449 raised stakes. 2.24 billion shares or 1.97% less from 2.29 billion shares in 2017Q4 were reported.

7.58M are held by 1832 Asset Management Ltd Partnership. New Jersey-based Nj State Employees Deferred Compensation Plan has invested 0.65% in Oracle Corporation (NYSE:ORCL). Centre Asset Management holds 1.59% or 150,080 shares in its portfolio. Palisade Asset Ltd Llc holds 268,961 shares. Loring Wolcott Coolidge Fiduciary Advsrs Limited Liability Partnership Ma, a Massachusetts-based fund reported 4,876 shares. Fin Engines Advsr Limited stated it has 401 shares. Morgan Stanley has 0.23% invested in Oracle Corporation (NYSE:ORCL) for 18.30 million shares. Washington Trust invested in 22,697 shares. Howe Rusling has invested 0.04% in Oracle Corporation (NYSE:ORCL). The British Columbia – Canada-based British Columbia Invest Mgmt Corporation has invested 0.62% in Oracle Corporation (NYSE:ORCL). Sterling Capital Ltd Llc holds 0.12% in Oracle Corporation (NYSE:ORCL) or 273,078 shares. Kentucky Retirement accumulated 157,708 shares. Prudential Finance accumulated 6.81 million shares or 0.47% of the stock. Citizens And Northern Corporation stated it has 1.4% in Oracle Corporation (NYSE:ORCL). Hm Payson holds 1.07% or 565,102 shares.

Oracle (NYSE:ORCL) Rating Reaffirmed

In an analyst report revealed on 7 September, The Overweight rating of Oracle (NYSE:ORCL) shares was kept by Barclays, who now has a $60 target on the stock. Barclays’s target means a possible upside of 25.50 % from the last stock price of the company.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 21 analysts covering Oracle (NYSE:ORCL), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 43% are positive. Oracle has $6300 highest and $48 lowest target. $55.50’s average target is 16.08% above currents $47.81 stock price. Oracle had 23 analyst reports since March 12, 2018 according to SRatingsIntel. The stock has “Neutral” rating by Bank of America on Tuesday, March 20. The firm earned “Neutral” rating on Wednesday, June 20 by Rosenblatt. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, June 20. As per Thursday, June 28, the company rating was maintained by Raymond James. The company was downgraded on Thursday, June 14 by JP Morgan. The firm earned “Buy” rating on Thursday, June 14 by Nomura. The rating was maintained by Bernstein with “Buy” on Wednesday, June 20. Cowen & Co maintained Oracle Corporation (NYSE:ORCL) on Wednesday, June 20 with “Buy” rating. The firm earned “Outperform” rating on Tuesday, March 20 by BMO Capital Markets. The firm earned “Outperform” rating on Tuesday, March 20 by Credit Suisse.

The stock increased 0.21% or $0.1 during the last trading session, reaching $47.81. About 20.51M shares traded or 8.24% up from the average. Oracle Corporation (NYSE:ORCL) has risen 3.98% since September 8, 2017 and is uptrending. It has underperformed by 8.59% the S&P500.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on September, 13. They expect $0.61 EPS, up 10.91 % or $0.06 from last year’s $0.55 per share. ORCL’s profit will be $2.43B for 19.59 P/E if the $0.61 EPS becomes a reality. After $0.91 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts -32.97 % negative EPS growth.

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology environments worldwide. The company has market cap of $190.34 billion. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service. It has a 53.12 P/E ratio. The firm licenses its Oracle Database software, which enables storage, retrieval, and manipulation of data; and Oracle Fusion Middleware software to build, deploy, secure, access, and integrate business applications, as well as automate their business processes.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle wins permanent injunction against Rimini Street” on August 16, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: NVRO LCI CBS ORCL PZZA MRCY FIZZ HMNY SKX: The Law Offices of Vincent Wong …” published on September 06, 2018, Businesswire.com published: “ORCL INVESTORS ALERT: Lieff Cabraser Reminds Investors of Securities Class Action Against Oracle Corporation” on September 07, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Globenewswire.com and their article: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of NVRO, ORCL, MRCY, HMNY and …” published on September 07, 2018 as well as Globenewswire.com‘s news article titled: “CLASS ACTION UPDATE for ORCL, NLSN and MD: Levi & Korsinsky, LLP Reminds Investors of Class Actions on …” with publication date: September 05, 2018.

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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