Macquarie Maintains Oracle Corporation to Outperform with Price Target $49.00

Brokerage firm Macquarie Maintains its rating on Oracle Corporation(NYSE:ORCL). In a research note issued to the investors, the brokerage major Raises the price-target to $49.00 per share. The shares have been rated Outperform. The rating by Macquarie was issued on Sep 16, 2016.

In a different note, On Sep 16, 2016, Nomura said it Maintains its rating on Oracle Corporation. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 16, 2016, RBC Capital said it Maintains its rating on Oracle Corporation. In the research note, the firm Lowers the price-target to $43.00 per share. The shares have been rated ‘Outperform’ by the firm. On Sep 8, 2016, OTR Global said it Downgrades its rating on Oracle Corporation. The shares have been rated ‘Mixed’ by the firm. On Jul 19, 2016, Atlantic Equities said it Downgrades its rating on Oracle Corporation. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, BTIG Research said it Maintains its rating on Oracle Corporation. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 12, 2016, BMO Capital said it Upgrades its rating on Oracle Corporation. The shares have been rated ‘Outperform’ by the firm.

Oracle Corporation (ORCL) remained unchanged at the close of Thursday session. Even as the volume increased to 96,79,298 ,the shares failed to make any impression and ended at 0 points or 0.00% at $39.51. The trading session commenced at $39.68 and the stock hit a high of $39.8 and touched $39.48 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $42 and the 52-week low is $33.13. The company has a market cap of $162,211 M and has approximately 4,10,55,67,000 outstanding shares.

Oracle Corporation has also declared a cash dividend of $0.1500 on Sep 15, 2016. The shares will quote ex-dividend on Oct 10, 2016 and the record date has been fixed on Oct 12, 2016. The dividend payable date has been fixed on Oct 26, 2016.

Oracle Corporation(ORCL) last announced its earnings results on Sep 15, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $8.61B. Analysts had an estimated revenue of $8.70B. Earnings per share were $0.55. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Hector Garcia-molina (director) sold 3,750 shares at $41.12 per share price.Also, On Aug 12, 2016, John F Fowler (EVP, Systems) sold 500,000 shares at $41.10 per share price.On Jun 24, 2016, Naomi O Seligman (director) sold 25,000 shares at $40.74 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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