Breaking: Jefferies & Co Keeps $61.00 Target Price On Oracle Corporation (NYSE:ORCL) Shares, Keeps Their Original Buy Rating

September 17, 2017 - By Linda Rogers

 Breaking: Jefferies & Co Keeps $61.00 Target Price On Oracle Corporation (NYSE:ORCL) Shares, Keeps Their Original Buy Rating

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.16, from 0.95 in 2016Q3. It worsened, as 67 investors sold Oracle Corporation shares while 585 reduced holdings. 87 funds opened positions while 431 raised stakes. 2.32 billion shares or 0.62% more from 2.30 billion shares in 2016Q3 were reported.

Dnb Asset Mngmt As accumulated 3.28M shares. Signaturefd Limited Liability holds 0.05% of its portfolio in Oracle Corporation (NYSE:ORCL) for 8,047 shares. Gam Ag, Switzerland-based fund reported 1.13M shares. The Ohio-based Johnson Counsel Inc has invested 1.22% in Oracle Corporation (NYSE:ORCL). Greystone Invest Mngmt Limited Liability invested in 147,874 shares. Ifrah Financial Ser holds 24,359 shares or 0.38% of its portfolio. Manning & Napier Ltd Liability accumulated 173,260 shares. 102,550 were accumulated by Reik & Limited Liability. Conning, a Connecticut-based fund reported 139,256 shares. Lvm Cap Mi holds 0.08% of its portfolio in Oracle Corporation (NYSE:ORCL) for 7,550 shares. Woodmont Invest Counsel Limited Liability Co stated it has 26,074 shares or 0.29% of all its holdings. Bridgeway Cap holds 381,623 shares. Busey Trust has 349,077 shares for 1.7% of their portfolio. Qs Invsts Ltd Com reported 0.06% stake. Sumitomo Mitsui Asset Management Ltd holds 0.17% or 231,908 shares in its portfolio.

Oracle Corporation (NYSE:ORCL) Rating Reaffirmed

Oracle Corporation (NYSE:ORCL) just had their share rating of a ‘Buy’ issued by research analysts at Jefferies & Co, who now has a $61.00 PT on the $201.62B market cap company or a 25.15 % upside potential. This key information was revealed to investors in a research report on Friday, 15 September.

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.16, from 0.95 in 2016Q3. It worsened, as 67 investors sold Oracle Corporation shares while 585 reduced holdings. 87 funds opened positions while 431 raised stakes. 2.32 billion shares or 0.62% more from 2.30 billion shares in 2016Q3 were reported.

Dnb Asset Mngmt As accumulated 3.28M shares. Signaturefd Limited Liability holds 0.05% of its portfolio in Oracle Corporation (NYSE:ORCL) for 8,047 shares. Gam Ag, Switzerland-based fund reported 1.13M shares. The Ohio-based Johnson Counsel Inc has invested 1.22% in Oracle Corporation (NYSE:ORCL). Greystone Invest Mngmt Limited Liability invested in 147,874 shares. Ifrah Financial Ser holds 24,359 shares or 0.38% of its portfolio. Manning & Napier Ltd Liability accumulated 173,260 shares. 102,550 were accumulated by Reik & Limited Liability. Conning, a Connecticut-based fund reported 139,256 shares. Lvm Cap Mi holds 0.08% of its portfolio in Oracle Corporation (NYSE:ORCL) for 7,550 shares. Woodmont Invest Counsel Limited Liability Co stated it has 26,074 shares or 0.29% of all its holdings. Bridgeway Cap holds 381,623 shares. Busey Trust has 349,077 shares for 1.7% of their portfolio. Qs Invsts Ltd Com reported 0.06% stake. Sumitomo Mitsui Asset Management Ltd holds 0.17% or 231,908 shares in its portfolio.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 33 analysts covering Oracle (NYSE:ORCL), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Oracle has $65 highest and $37 lowest target. $52.50’s average target is 7.71% above currents $48.74 stock price. Oracle had 83 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Tuesday, June 20. Morgan Stanley maintained the stock with “Equal Weight” rating in Friday, June 23 report. The firm earned “Buy” rating on Monday, July 24 by Jefferies. The stock of Oracle Corporation (NYSE:ORCL) has “Neutral” rating given on Friday, June 17 by Citigroup. BMO Capital Markets maintained Oracle Corporation (NYSE:ORCL) rating on Wednesday, August 16. BMO Capital Markets has “Buy” rating and $57.0 target. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, June 21. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Sunday, September 10 by Stifel Nicolaus. As per Thursday, June 22, the company rating was maintained by Rosenblatt. The rating was upgraded by Evercore to “Buy” on Wednesday, January 6. The stock has “Market Perform” rating by BMO Capital Markets on Friday, January 8.

The stock decreased 7.67% or $4.05 on September 15, reaching $48.74. About 66.37 million shares traded or 414.50% up from the average. Oracle Corporation (NYSE:ORCL) has risen 14.08% since September 17, 2016 and is uptrending. It has underperformed by 2.62% the S&P500.

Oracle Corporation provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The company has market cap of $201.62 billion. The Company’s businesses include cloud and on-premise software, hardware and services. It has a 21.21 P/E ratio. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle Needs One Critical Segment To Keep Growing” on August 28, 2017, also Finance.Yahoo.com with their article: “Oracle Corporation (ORCL) Stock Is a Strong Buy After Q1 Earnings Beat” published on September 14, 2017, Seekingalpha.com published: “Oracle: Pullback Is An Opportunity” on September 15, 2017. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “Earnings Preview: Oracle Reports Fiscal First Quarter Results On Thursday” published on September 13, 2017 as well as Seekingalpha.com‘s news article titled: “Buy Oracle in the correction this morning?” with publication date: September 15, 2017.

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