JP Morgan Decides to Downgrade Oracle (NYSE:ORCL) Stock

June 14, 2018 - By Migdalia James

Oracle Corporation (NYSE:ORCL) Logo

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.28, from 1.15 in 2017Q4. It dropped, as 83 investors sold Oracle Corporation shares while 569 reduced holdings. 118 funds opened positions while 449 raised stakes. 2.24 billion shares or 1.97% less from 2.29 billion shares in 2017Q4 were reported.

Parametric Port Associate Llc accumulated 10.98 million shares. Verition Fund Mngmt Limited Liability reported 25,501 shares. Bb&T Securities Ltd Liability stated it has 0.51% of its portfolio in Oracle Corporation (NYSE:ORCL). Whittier Co reported 0.58% of its portfolio in Oracle Corporation (NYSE:ORCL). Heritage Management holds 0.04% or 13,535 shares. 10,254 are held by Mycio Wealth Ptnrs Ltd Llc. Credit Suisse Ag holds 0.25% or 5.77M shares. Lincoln Corp owns 22,763 shares for 0.04% of their portfolio. Panagora Asset has invested 0.02% in Oracle Corporation (NYSE:ORCL). Beach Investment Counsel Pa reported 6,700 shares. 55,189 are held by Perkins Coie Co. Intact Invest Mgmt has invested 0.03% in Oracle Corporation (NYSE:ORCL). Mitchell accumulated 14,151 shares. Forte Capital Ltd Com Adv reported 12,921 shares stake. Douglass Winthrop Advisors Ltd Liability Corporation holds 33,720 shares or 0.08% of its portfolio.

Oracle (NYSE:ORCL) Receives a Downgrade

JP Morgan decreased their rating for shares of Oracle (NYSE:ORCL) from “Overweight” to “Neutral” in an analyst note that was revealed to clients and investors on 14 June.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 17 analysts covering Oracle (NYSE:ORCL), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. Oracle has $64 highest and $53 lowest target. $57.30’s average target is 25.08% above currents $45.81 stock price. Oracle had 19 analyst reports since December 15, 2017 according to SRatingsIntel. Barclays Capital maintained it with “Overweight” rating and $60 target in Monday, March 12 report. The rating was maintained by RBC Capital Markets on Thursday, March 15 with “Hold”. The rating was downgraded by Bank of America to “Neutral” on Tuesday, March 20. Piper Jaffray maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, February 15. Piper Jaffray has “Buy” rating and $57.0 target. Raymond James maintained Oracle Corporation (NYSE:ORCL) on Friday, December 15 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and $53.0 target in Friday, December 15 report. As per Tuesday, March 20, the company rating was maintained by BMO Capital Markets. Rosenblatt maintained the stock with “Buy” rating in Friday, December 15 report. The stock has “Outperform” rating by Credit Suisse on Tuesday, March 20. The company was maintained on Friday, December 15 by BMO Capital Markets.

The stock decreased 5.10% or $2.46 during the last trading session, reaching $45.81. About 30.92M shares traded or 106.12% up from the average. Oracle Corporation (NYSE:ORCL) has risen 3.98% since June 14, 2017 and is uptrending. It has underperformed by 8.59% the S&P500.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on June, 20. They expect $0.86 EPS, up 4.88 % or $0.04 from last year’s $0.82 per share. ORCL’s profit will be $3.51B for 13.32 P/E if the $0.86 EPS becomes a reality. After $0.75 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 14.67 % EPS growth.

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 $187.01 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 53.58 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.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Many Large US Firms Sell, Hire And Invest More Overseas Than In US And They Have To Think Globally, Not …” on June 14, 2018, also Seekingalpha.com with their article: “Oracle buys DataScience.com” published on May 16, 2018, Seekingalpha.com published: “The Business Of Business Software” on June 14, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “Oracle -2.5% as JP Morgan steps to sidelines, Nomura lowers target” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “No Love For Oracle: Is There An Opportunity?” with publication date: June 10, 2018.

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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