Oracle (ORCL) Receives Downgrade From JPMorgan. Will Other Analysts Follow Suit?

June 14, 2018 - By Ann Prendergast

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Investors sentiment decreased to 0.87 in Q1 2018. 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.

Dumont And Blake Investment Ltd Liability Co invested in 0.46% or 23,732 shares. Notis owns 39,537 shares. Plante Moran Financial Advisors Limited Co has invested 0.16% in Oracle Corporation (NYSE:ORCL). Trustmark State Bank Tru Department invested in 58,428 shares or 0.29% of the stock. Poplar Forest Capital Limited Company holds 8,837 shares. Peapack Gladstone Financial stated it has 273,203 shares or 0% of all its holdings. Guggenheim Cap Limited Liability Corporation has invested 0.19% in Oracle Corporation (NYSE:ORCL). Anderson Hoagland & has invested 0.88% in Oracle Corporation (NYSE:ORCL). Parametric Port Assocs Ltd Liability reported 0.5% of its portfolio in Oracle Corporation (NYSE:ORCL). American Century Companies stated it has 0.58% of its portfolio in Oracle Corporation (NYSE:ORCL). Hotchkis & Wiley Capital Mngmt Ltd Liability Corp has invested 2.81% in Oracle Corporation (NYSE:ORCL). Barrow Hanley Mewhinney Strauss Ltd Limited Liability Company stated it has 31.63M shares or 2.31% of all its holdings. Communications Of Vermont has 49,292 shares. Ascend Cap Lc reported 338,865 shares. Smith Chas P And Assocs Pa Cpas has invested 0.52% in Oracle Corporation (NYSE:ORCL).

Oracle (ORCL) Receives a Downgrade

JPMorgan lowered shares of Oracle (ORCL) stock from a Overweight rating to a Neutral rating in an analyst note sent to investors on Thursday morning.

The stock decreased 4.91% or $2.37 during the last trading session, reaching $45.9. About 36.61 million shares traded or 144.05% up from the average. Oracle Corporation (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 13.34 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 $187.38 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 53.68 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: “Oracle -2.5% as JP Morgan steps to sidelines, Nomura lowers target” on June 14, 2018, also Marketwatch.com with their article: “Oracle’s stock sinks after JP Morgan downgrades on concerns over CIO spending contraction” published on June 14, 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: “No Love For Oracle: Is There An Opportunity?” published on June 10, 2018 as well as Seekingalpha.com‘s news article titled: “Many Large US Firms Sell, Hire And Invest More Overseas Than In US And They Have To Think Globally, Not …” with publication date: June 14, 2018.

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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