Oracle Corp (NYSE:ORCL): Institutional Investor Sentiment Up to 0.76

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Sentiment for Oracle Corp (NYSE:ORCL)

Oracle Corp (NYSE:ORCL) institutional sentiment increased to 0.76 in Q2 2019. Its up 0.08, from 0.68 in 2019Q1. The ratio is better, as 467 funds increased or opened new equity positions, while 618 sold and decreased equity positions in Oracle Corp. The funds in our partner’s database now hold: 1.70 billion shares, down from 1.75 billion shares in 2019Q1. Also, the number of funds holding Oracle Corp in their top 10 equity positions increased from 53 to 61 for an increase of 8. Sold All: 49 Reduced: 569 Increased: 346 New Position: 121.

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 $179.47 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 17.61 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.

The stock decreased 0.17% or $0.09 during the last trading session, reaching $53.8. About 10.17M shares traded. Oracle Corporation (NYSE:ORCL) has risen 17.96% since September 13, 2018 and is uptrending. It has outperformed by 17.96% the S&P500.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on September, 16. They expect $0.72 EPS, up 16.13 % or $0.10 from last year’s $0.62 per share. ORCL’s profit will be $2.40 billion for 18.68 P/E if the $0.72 EPS becomes a reality. After $1.07 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts -32.71 % negative EPS growth.

Caledonia Investments Plc holds 12.13% of its portfolio in Oracle Corporation for 763,500 shares. Black Creek Investment Management Inc. owns 4.50 million shares or 8.45% of their US portfolio. Moreover, Dynamic Capital Management Ltd has 7.89% invested in the company for 27,819 shares. The New York-based Tiedemann Advisors Llc has invested 6.29% in the stock. Brown Brothers Harriman & Co, a New York-based fund reported 16.43 million shares.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Ratings analysis reveals 33% of Oracle’s analysts are positive. Out of 18 Wall Street analysts rating Oracle, 6 give it “Buy”, 1 “Sell” rating, while 11 recommend “Hold”. The lowest target is $48 while the high is $66. The stock’s average target of $57.42 is 6.73% above today’s ($53.8) share price. ORCL was included in 39 notes of analysts from March 15, 2019. Raymond James maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, June 20. Raymond James has “Outperform” rating and $6100 target. Wedbush maintained it with “Hold” rating and $55 target in Thursday, June 20 report. On Thursday, June 20 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock has “Hold” rating by Rosenblatt on Friday, March 15. Morgan Stanley maintained Oracle Corporation (NYSE:ORCL) rating on Friday, March 15. Morgan Stanley has “Hold” rating and $54 target. On Thursday, June 20 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Wedbush maintained it with “Neutral” rating and $52 target in Friday, March 15 report. The firm has “Hold” rating given on Thursday, June 20 by J.P. Morgan. As per Friday, March 15, the company rating was maintained by Bank of America. The company was maintained on Friday, March 15 by Raymond James.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: 247Wallst.com which released: “Why Analysts Are Sidelined on Oracle After Earnings – 24/7 Wall St.” on September 13, 2019, also Fool.com with their article: “3 Cloud Computing Stocks for Every Equity Investor – Motley Fool” published on September 10, 2019, Prnewswire.com published: “Oracle Chief Executive Officer Mark Hurd to Take a Leave of Absence for Health Related Reasons – PRNewswire” on September 11, 2019. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “Pentagon, DoJ will review Oracle cloud appeal – Seeking Alpha” published on August 27, 2019 as well as Finance.Yahoo.com‘s news article titled: “Oracle Earnings inline, Revenue Misses In Q1 – Yahoo Finance” with publication date: September 11, 2019.

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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