Oracle Corporation (NYSE:ORCL) registered a 0.25% increase, still its new closing price is 18.49% up from the company’s 1 year high of 41.59.It posted 0.90% gains in previous 5 sessions and is now the subject of 13 analysts who together assign a hold rating on stock. 3 of Wall Street analysts have an underperform rating; the 0 sells versus 9 buy or better ratings. The 38 stock analysts following this company have an average price target at $43.50, with individual PT in the $25.00-$52.00 range. The shares moved at $40.23, implying that brokerage firms see shares gaining about 15.61% in twelve months time.
Oracle Corporation (ORCL) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 5.04% rise year to date. A Director at Oracle Corporation (ORCL) offloaded shares in a transaction closed on Tuesday January 17, 2017. GARCIA-MOLINA HECTOR sold 3,750 shares in the company at $39.09 each and collected $146,001 in proceeds. GARCIA-MOLINA HECTOR now owns 6,406 shares in the company after this transaction. A Director in the company, SELIGMAN NAOMI O, disclosed a transaction on Wednesday December 21, 2016 that ended up generating $1,742,000 from the sale of 45,000 shares at $38.72 per share.
Oracle Corporation (NYSE:ORCL) Upcoming Results on Tap
Oracle Corporation will next provide financial results for the August 2017 quarter. Stock analysts expect it to report per-share earnings of $0.59 in that period. Sales during the quarter are predicted to arrive at $8.99 billion.
Earnings surprise history: Last quarter, the company posted approximately $9.07 billion in revenue and EPS of $0.61. The mean forecast was for $9.12 billion and $0.60 a share, respectively. One quarter earlier, revenue for the stock was at $8.61 billion, with earnings at $0.55/share.
Oracle Corporation (ORCL) Brokerage Update
Oracle Corporation (ORCL) is in BMO Capital Markets’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Market Perform by BMO Capital Markets, according to news reported on Tuesday July 12, 2016.Another important research note was issued by JP Morgan on Wednesday June 29, 2016.The firm upgraded ORCL to Neutral from Underweight. Over the last six months and over the last three months, the shares of Oracle Corporation (ORCL), have changed -1.57% and 5.42%, respectively.