For the outlook of the current financial quarter, Analysts think the firm will post 0.61 earnings per share.
The results initially gave Oracle's shares a boost of nearly 2 percent to $53.84 in after-hours trading, but the stock was up by just 0.02 percent to $52.80 by 1:50 p.m. This recommendation lands on a scale between 1 and 5. Yhb Invest Advsr Inc accumulated 286,174 shares or 2.29% of the stock.
Green Street Investors Llc holds 7.44% of its portfolio in SL Green Realty Corp for 68,900 shares. New software license revenue continued to decline; it was down 6 percent for the quarter, although it did surpass the FactSet analyst consensus, according to StreetAccount. LGT Capital Partners LTD. increased its holdings in Oracle Corporation by 14.0% during the 2nd quarter. The Director now owns $944,504 of the stock per the Form 4 SEC filing. About 655,245 shares traded. The company has a market capitalization of $203.03 billion, a P/E ratio of 22.21 and a beta of 1.05. Investors have been encouraged by the company's success in selling cloud-based software this year, sending the shares up 37 percent to records. Extending back, their stock is trading -2.34% from the 50-Day Simple Moving Average, looking even further back, they are trading 9.18% off of the 200-Day Simple Moving Average.
For the period ended August 31, Oracle reported revenue 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. Clifford Swan Inv Counsel Ltd Liability Corp owns 1.26% invested in Oracle Corporation (NYSE:ORCL) for 490,313 shares. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $9.03 billion. Sales of Oracle's traditional on-premise software products, which are installed and run at a customer's location, accounted for 65% of the company's business in the latest period, bringing in $5.92 billion, a 1.6% increase from the year-ago period. Cloud-based sales jumped 51 percent during the quarter ended August 31, the company said Thursday in a statement.
Oracle pays a dividend of $0.76. This dividend amount represented a yeild of $1.44. Oracle Corporation (NYSE:ORCL) has risen 14.08% since September 14, 2016 and is uptrending. Flotek Industries had 10 analyst reports since July 27, 2015 according to SRatingsIntel. The stock was sold at an average price of $50.30, for a total value of $188,625.00. Following the completion of the transaction, the executive vice president now directly owns 130,977 shares in the company, valued at $6,671,968.38. The disclosure for this sale can be found here.
However, subsequent to that, it is also easy to see when the shares began their descent when the conference began and Company discussions and answers were not as positive about the upcoming quarter. It acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & worldwide copyright and trademark laws. The Virginia-based Motley Fool Wealth Management Ltd Limited Liability Company has invested 0.56% in Oracle Corporation (NYSE:ORCL). The stock's average target of $110.50 is 12.94% above today's ($97.84) share price.
Jefferies raises its Oracle (NYSE:ORCL) price target by a dollar to $61 and maintains a Buy rating.
In recent trading day Oracle Corporation (ORCL) stock showed the move of -0.02% with the closing price of $52.79. Drexel Hamilton reaffirmed a buy rating and issued a $62.00 price objective on shares of Oracle Corporation in a report on Thursday.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure.