Oracle Corp (ORCL) Shares Rose While Scharf Investments LLC Decreased Position

January 21, 2018 - By Louis Casey

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.18, from 0.95 in 2017Q2. It improved, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. Commercial Bank Of Stockton has invested 0.33% in Oracle Corporation (NYSE:ORCL). Mawer Investment Mgmt accumulated 3.05 million shares. Comml Bank invested in 82,950 shares. First Quadrant LP Ca invested 0.27% of its portfolio in Oracle Corporation (NYSE:ORCL). Chesley Taft & Associates Ltd holds 0.83% of its portfolio in Oracle Corporation (NYSE:ORCL) for 198,262 shares. Guggenheim Capital Ltd Llc reported 1.65M shares. Moreover, Gabelli Funds Llc has 0% invested in Oracle Corporation (NYSE:ORCL). Envestnet Asset Management reported 1.24M shares stake. Bluecrest Ltd holds 10,393 shares or 0.02% of its portfolio. Macnealy Hoover Inv Mngmt Incorporated holds 0.25% in Oracle Corporation (NYSE:ORCL) or 7,150 shares. Ftb Advisors accumulated 0.08% or 16,324 shares. D E Shaw And Com invested in 0.06% or 849,104 shares. Regions Financial Corp has 0.62% invested in Oracle Corporation (NYSE:ORCL). Weatherstone Capital Mgmt reported 6,247 shares or 0.21% of all its holdings. Alexandria Limited Company holds 1.1% or 90,261 shares in its portfolio.

Scharf Investments Llc decreased its stake in Oracle Corp (ORCL) by 2.51% based on its latest 2017Q3 regulatory filing with the SEC. Scharf Investments Llc sold 145,924 shares as the company’s stock rose 5.35% with the market. The institutional investor held 5.67 million shares of the prepackaged software company at the end of 2017Q3, valued at $273.97 million, down from 5.81M at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $209.38 billion market cap company. The stock increased 0.70% or $0.35 during the last trading session, reaching $50.58. About 14.01M shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 21, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on March, 21. They expect $0.66 EPS, up 4.76 % or $0.03 from last year’s $0.63 per share. ORCL’s profit will be $2.73B for 19.16 P/E if the $0.66 EPS becomes a reality. After $0.62 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 6.45 % EPS growth.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle: Aggressively Chasing Cloud Growth” on January 03, 2018, also Nasdaq.com with their article: “Oracle Corporation (ORCL) Ex-Dividend Date Scheduled for January 09, 2018” published on January 08, 2018, Seekingalpha.com published: “Oracle Is In The Cloud, But Keep Your Feet On The Ground” on January 11, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “Can Oracle’s Autonomous Database Fend Off Amazon’s Efforts?” published on January 18, 2018 as well as Seekingalpha.com‘s news article titled: “Oracle Ready To Battle Amazon AWS” with publication date: January 08, 2018.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 38 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Oracle has $65 highest and $37 lowest target. $53.21’s average target is 5.20% above currents $50.58 stock price. Oracle had 103 analyst reports since July 30, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $60.0 target in Friday, August 25 report. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Wednesday, June 21 by Canaccord Genuity. The rating was maintained by Credit Suisse with “Buy” on Thursday, October 12. As per Friday, December 15, the company rating was maintained by Rosenblatt. The rating was maintained by Jefferies with “Buy” on Monday, July 24. The rating was maintained by Stifel Nicolaus on Sunday, September 10 with “Buy”. FBR Capital maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, December 17. FBR Capital has “Mkt Perform” rating and $41 target. The company was maintained on Friday, September 15 by Jefferies. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Monday, October 23 by Cowen & Co. SunTrust upgraded the shares of ORCL in report on Wednesday, September 16 to “Buy” rating.

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