JP Morgan Upgrades Oracle Corporation to Neutral with Price Target $38.00

Brokerage firm JP Morgan Upgrades its rating on Oracle Corporation(NYSE:ORCL). In a research note issued to the investors, the brokerage major Raises the price-target to $38.00 per share. The shares have been rated Neutral. Previously, the analysts had a Underweight rating on the shares. The rating by JP Morgan was issued on Jun 29, 2016.

In a different note, Cowen & Company said it Initiates Coverage on Oracle Corporation, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Outperform’ by the firm. On Jun 17, 2016, Deutsche Bank said it Maintains its rating on Oracle Corporation. The shares have been rated ‘Hold’ by the firm. On Jun 17, 2016, Pacific Crest said it Reiterates its rating on Oracle Corporation. The shares have been rated ‘Sector Weight’ by the firm. On Jun 17, 2016, Wunderlich said it Reiterates its rating on Oracle Corporation. The shares have been rated ‘Hold’ by the firm. On Jun 17, 2016, Citigroup said it Maintains its rating on Oracle Corporation. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Neutral’ by the firm. Macquarie said it Initiates Coverage on Oracle Corporation, according to a research note issued on Apr 26, 2016. The shares have been rated ‘Outperform’ by the firm.

Oracle Corporation (ORCL) made into the market gainers list on Fridays trading session with the shares advancing 0.20% or 0.08 points. Due to strong positive momentum, the stock ended at $40.86, which is also near the day’s high of $41.05. The stock began the session at $40.7 and the volume stood at 1,13,81,612 shares. The 52-week high of the shares is $42 and the 52 week low is $33.13. The company has a current market capitalization of $168,455 M and it has 4,12,27,30,000 shares in outstanding.

Oracle Corporation(ORCL) last announced its earnings results on Jun 16, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $10.60B. Analysts had an estimated revenue of $10.47B. Earnings per share were $0.81. Analysts had estimated an EPS of $0.82.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Naomi O Seligman (director) sold 25,000 shares at $40.74 per share price.Also, On Jun 22, 2016, Michael J Boskin (director) sold 75,000 shares at $40.00 per share price.On Jun 17, 2016, Hector Garcia-molina (director) sold 3,750 shares at $38.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Company’s offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services

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