Oracle Corp (NYSE:ORCL).
Baird Financial Group, Inc. reports that it bought 163,750 shares last quarter increasing its exposure to Oracle Corp by 7.9%. Its stake was worth $108,116,000 an increase of 4.0% as of the end of the quarter.
Several firms have updated their holdings. As of the end of the quarter Haverford Financial Services, Inc. had sold 2,152 shares trimming its position 1.4%. The value in dollars went from $7,771,000 to $7,389,000 a change of 4.9% quarter to quarter. As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 22,432 shares growing its holdings by 10.1%. The value of the company’s investment in Oracle Corp increased from $11,189,000 to $11,874,000 increasing 6.1% quarter over quarter.
Tredje Ap-fonden bolstered its position by buying 40,670 shares an increase of 15.8% as of 09/30/2017. Tredje Ap-fonden currently owns 297,795 shares valued at $14,398,000. The total value of its holdings increased 11.7%.
October 22 investment analysts at Stifel Nicolaus reiterated a “Buy” rating on the company. Goldman Sachs Group, Inc. (The) released research on ORCL with a rating of “Buy” and projecting a price target of $56.00.
On October 6 analysts at Canaccord Genuity updated its forecast on ORCL with an initial rating of “Buy”. On October 4, 2017 KeyCorp maintained a “Buy” rating on the company.
Equity analyst Piper Jaffray Companies released guidance on ORCL setting a rating of “Overweight”. On October 2 Drexel Hamilton held the stock rating at “Buy” with a current price target of $62.00.
The company is down from yesterday’s close of 49.2. The P/E ratio is 21.32 and the market cap is 204.08B. In the last earnings report the EPS was $2.29 with 4.17B shares presently outstanding.
Short traders are more bullish on Oracle Corp lately if you take a look at the downtick in short interest. The stock recorded a fall in short interest between September 29, 2017 and October 13, 2017 of -2.38%. Short interest decreased from 26,223,465 to 25,600,264 over that timeframe. The short-interest ratio increased to 2.0 and the percentage of shorted shares is 0.01% as of October 13.