Are Oracle (NYSE:ORCL) Shares Worth Your Time and Dime Following Recent JP Morgan Downgrade?

June 14, 2018 - By Jimmy Baldridge

Oracle Corporation (NYSE:ORCL) Logo

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.28, from 1.15 in 2017Q4. It dived, 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.

Sumitomo Mitsui Asset Management has 0.15% invested in Oracle Corporation (NYSE:ORCL). Vident Inv Advisory Ltd Liability holds 0.01% in Oracle Corporation (NYSE:ORCL) or 5,081 shares. Riggs Asset Managment invested 0.07% in Oracle Corporation (NYSE:ORCL). Patten Group holds 0.01% or 650 shares. Rampart Inv Mgmt Limited Liability invested 0.39% of its portfolio in Oracle Corporation (NYSE:ORCL). The California-based Hanson Mcclain has invested 0.03% in Oracle Corporation (NYSE:ORCL). Tuttle Tactical Mngmt holds 0.93% or 25,340 shares. Letko Brosseau Associates reported 1.53M shares. Butensky & Cohen Financial Security invested in 1.64% or 40,745 shares. Duff And Phelps Invest Mngmt holds 0.02% of its portfolio in Oracle Corporation (NYSE:ORCL) for 32,890 shares. Knott David M has 50,000 shares. Boston Common Asset Management Limited Liability Company owns 251,075 shares or 1.35% of their US portfolio. Warren Averett Asset Mngmt Limited Liability Corporation reported 15,658 shares stake. Winslow Evans And Crocker reported 0% stake. 17,637 are held by Amica Retiree Trust.

Oracle (NYSE:ORCL) Receives a Downgrade

Oracle (NYSE:ORCL) was cut by equity analysts at JP Morgan from their past “Overweight” rating to a “Neutral” rating in analysts report shared with 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. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, January 3. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Canaccord Genuity on Friday, December 15. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, March 20. The firm has “Buy” rating by Raymond James given on Friday, December 15. The rating was maintained by Piper Jaffray with “Buy” on Thursday, February 15. The rating was maintained by BMO Capital Markets with “Outperform” on Tuesday, March 20. The stock of Oracle Corporation (NYSE:ORCL) earned “Outperform” rating by BMO Capital Markets on Friday, December 15. The firm has “Hold” rating given on Thursday, March 15 by RBC Capital Markets. RBC Capital Markets downgraded Oracle Corporation (NYSE:ORCL) on Friday, December 15 to “Sector Perform” rating. As per Friday, December 15, the company rating was maintained by Rosenblatt.

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 $3.51 billion 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: “No Love For Oracle: Is There An Opportunity?” on June 10, 2018, also Seekingalpha.com with their article: “The Business Of Business Software” published on June 14, 2018, Seekingalpha.com published: “Many Large US Firms Sell, Hire And Invest More Overseas Than In US And They Have To Think Globally, Not …” on June 14, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Marketwatch.com and their article: “Oracle’s stock sinks after JP Morgan downgrades on concerns over CIO spending contraction” published on June 14, 2018 as well as Globenewswire.com‘s news article titled: “Research Report Identifies Charter Communications, Banco Bilbao Viscaya Argentaria SA, Maxwell Technologies …” with publication date: June 14, 2018.

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: