Oracle Corporation (NYSE:ORCL).
Cornerstone Investment Partners, LLC reports that it sold 210,192 shares last quarter decreasing its exposure to Oracle Corporation by 9.7%. Its stake was valued at $98,657,000 an increase of 1.5% according to the filing.
Here are some other firms who have updated their holdings. Gateway Investment Advisers LLC divested its ownership by shedding 13,989 shares a decrease of 0.7%. Gateway Investment Advisers LLC now controls 1,853,567 shares worth $92,938,000. The value of the position overall is up by 11.6%. Pennsylvania Trust Co expanded its holdings by buying 73,990 shares an increase of 66.0% as of 06/30/2017. Pennsylvania Trust Co controls 186,110 shares with a value of $9,336,000. The total value of its holdings increased 86.6%.
Hays Advisory LLC cut its investment by shedding 15,743 shares a decrease of 11.0% from 03/31/2017 to 06/30/2017. Hays Advisory LLC owns 127,540 shares valued at $6,395,000. The total value of its holdings increased 0.0%.
On July 5 the company was upgraded to “Overweight” from “” in a report issued by KeyBanc. On June 23 the company was set at “Outperform” by Argus which is up from the previous “” rating.
On June 22, 2017 the stock rating was rated “Outperform” in a report from Wedbush which was a boost from the previous “Neutral” rating. September 16 investment analysts at Macquarie left the company rating at “Outperform” but raised the price expectation from $46.00 to $49.00.
On September 16 RBC Capital left the stock rating at “Outperform” and moved down the price target to $42.00 from $50.00. On September 16 Nomura kept the stock rating at “Outperform” and lowered the price target to $42.00 from $44.00.
The company is up by 0.86 percent from yesterday’s close. Oracle Corporation declared a dividend for shareholders that will be paid on Wednesday August 2nd, 2017. The dividend payment will be $0.190 per share for the quarter or $0.76 on an annualized basis. This dividend represents a yeild of $1.54 which is the dividend as a percentage of the current share price. The ex-dividend date is Monday the 10th of April 2017.
It is trading at $50.31 marginally over the 50 day moving average of $46.11 and which is marginally over the 200 day moving average of $43.14. The 50 day moving average went up $3.77 or +8.17% whereas the 200 day average was up by +15.61%.
Oracle Corporation currently has a P/E ratio of 22.57 and market cap is 206.34B. As of the last earnings report the EPS was $2.21 and is expected to be $2.96 for the current year with 4,136,682,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.69 with next year’s EPS projected to be $3.19.