Oracle Corporation (ORCL) was Reiterated by Stifel to “Buy” while Lowering the Price Target of the company shares to $ 45 from a previous price target of $48 . Stifel advised their investors in a research report released on Sep 23, 2016.
Many Wall Street Analysts have commented on Oracle Corporation. Shares were Reiterated by RBC Capital Mkts on Sep 16, 2016 to “Outperform” and Lowered the Price Target to $ 42 from a previous price target of $43 .Shares were Reiterated by BMO Capital Markets on Sep 16, 2016 to “Outperform” and Lowered the Price Target to $ 46 from a previous price target of $47 .Rosenblatt Initiated Oracle Corporation on Aug 8, 2016 to “Buy”, Price Target of the shares are set at $48.
On the company’s financial health, Oracle Corporation reported $0.81 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 16, 2016. Analyst had a consensus of $0.82. The company had revenue of $10596.00 million for the quarter, compared to analysts expectations of $10458.54 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.78 EPS.
Oracle Corporation (ORCL) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $39.68 and reached the intraday high at $39.8. The bulls started the profit booking and pushed the shares to intraday low of $39.48. The trading session was marked by a volume range of 96,79,298 shares exchanging hands. The 52-week high of the shares is $42 and the 52-week low is $33.13. The market cap of the company stands at $162,211 M and there are 4,10,55,67,000 shares in public circulation.
Investors should note that on Sep 15, 2016, Oracle Corporation announced a cash dividend of $0.1500. The company’s management has announced Oct 10, 2016 as the ex-dividend date and fixed the record date on Oct 12, 2016. The payable date has been fixed on Oct 26, 2016.
In a different news, on Sep 16, 2016, Hector Garcia-molina (director) sold 3,750 shares at $40.16 per share price. According to the SEC, on Aug 12, 2016, John F Fowler (EVP, Systems) sold 500,000 shares at $41.10 per share price. On Jun 24, 2016, Naomi O Seligman (director) sold 25,000 shares at $40.74 per share price, according to the Form-4 filing with the securities and exchange commission.
Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Companys offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services