Update: Oracle's revenue outlook missed estimates. The Beta for the stock stands at 1.05. Meeder Asset Mngmt Incorporated holds 0.01% of its portfolio in KeyCorp (NYSE:KEY) for 7,868 shares.
However, new software license revenue for on-premises systems again fell back, slipping 6 percent for the quarter. Finally, Howe & Rusling Inc. lifted its holdings in shares of Oracle Corporation by 2.1% in the first quarter. Following the completion of the sale, the executive vice president now owns 177,988 shares of the company's stock, valued at $9,146,803.32. The company had a trading volume of 37,653,961 shares.
On a historical basis, Oracle is trading at overvalued levels, with a forward PE of about 16.5 and a current PE of roughly 18.
The above price chart shows the daily price action going back to about the beginning of March of this year.
U.S. software group Oracle announced on Thursday that it expected revenues in its second quarter to grow by just 2% to 4%, compared to the market consensus of 4.7%, amid analysts' concerns over the firm's ability to defend its margins. They expect $1.60 earnings per share, down 1.84% or $0.03 from last year's $1.63 per share. North Carolina-based Salem Investment Counselors has invested 0.06% in Oracle Corporation (NYSE:ORCL).
The best performing sector in terms of rate of growth was cloud software as a service, which went up 62% in revenues compared with the same quarter in the previous year to $1.1 billion.
Oracle's cloud business, including infrastructure as a service (IaaS), came to $1.5 billion, up 51 percent. Cloud-based sales jumped 51 percent during the quarter ended August 31, the company said Thursday in a statement. The company also recently declared a dividend that was paid on Wed Aug 2, 2017.
Oracle pays a dividend of $0.76. The dividend yield was $1.44. The ex-dividend date was set for Monday the 17th of July 2017.
A total of 34 analysts have reported on the stock. Company insiders own 29.00% of the company's stock. The stock was sold at an average price of $50.30, for a total value of $188,625.00. The Greenhaven Associates Inc holds 3.29 million shares with $95.08 million value, down from 3.55M last quarter.
WARNING: This news story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and global trademark and copyright laws. Harris Assocs LP invested 3.07% of its portfolio in Oracle Corporation (NYSE:ORCL). The stock's average target of $110.50 is 12.94% above today's ($97.84) share price.
Barrow Hanley Mewhinney & Strauss Llc increased its stake in Oracle Corp (ORCL) by 9.23% based on its latest 2016Q4 regulatory filing with the SEC.
RBC Capital Markets analyst Ross MacMillan maintained an outperform rating on Oracle and a price target of 56. Zacks Investment Research lowered Oracle Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, May 23rd.
Among 10 analysts covering RWE AG (OTCMKTS:RWEOY), 6 have Buy rating, 1 Sell and 3 Hold. Canaccord Genuity reaffirmed a "buy" rating and issued a $49.00 target price on shares of Oracle Corporation in a research report on Friday, May 26th.
In the cloud platform-as-a-service and software-as-a-service markets, Oracle trails such established providers as Amazon (AWS), Microsoft (Azure) and Alphabet (Google Cloud). It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
The president also used the opportunity to encourage Scott to run for the Senate. "We're deadset on that", said Mr. Trump said to the man as he handed over bananas. "Historically there's never been anything like this, but the U.S.
Rodman has made several trips to the largely closed country after first being invited by Kim four years ago. My whole mission and my whole goal was to go over and bring sports, to bring connection to North Korea.
USAF officials said they want to use a variety of rockets for the X-37B programme to launch quickly if warranted. It is the fifth flight for one of these crewless mini-shuttles, known as the X-37B Orbital Test Vehicle .
Bernie Sanders, I-Vt., in introducing a Medicare-for-All bill to the Senate Wednesday, according to a report from The Hill . Meanwhile, the Republicans have proven unable to reverse president Obama's landmark legislative accomplishment.
Pressure from Washington has ratcheted up since North Korea conducted its sixth and largest nuclear test on Sunday. The Swedish Embassy in Pyongyang also provides consular services for the United States, Australia and Canada.
The de facto leader of Myanmar is showing what others have in the past: partiality, a harsh streak, and a cold blooded instinct. Myanmar has said it is was counting on China and Russian Federation to protect it from any Security Council censure.
During the meeting, the two leaders took a detailed review of the projects taken up under Rs 80000 crore PMDP in the State. He called for identifying and deporting all fake state subject holders and said they were usurping the rights of Dogras.
At the same time, Irma strengthened back into a Category 5 storm Friday night, after weakening to a Category 4 earlier in the day. As of early Saturday morning, Katia was about 185 km west northwest of the Gulf Coast port of Veracruz , the NHC said.
It has been in the " Grand Finale " of its scientific mission since April, when it shifted its orbit closer to the planet. Still, it was an emotional time for everyone involved, as many have been working with this spacecraft for decades .
Nearly one year since giving birth to their first child, Behati Prinsloo and Adam Levine are expecting baby number two. Fans will have to wait and watch to see if Blake and Gwen will join Levine and Prinsloo to give us the good news.
I'm a firm believer that you can't have a complete face without a lip, and this is a universal lip gloss. There's definitely something for everyone, or rather every skin tone on the planet from Fenty Beauty .
Germany return to top of world rankings
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Rebel Wilson wins €3 million in 'malicious' defamation case
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Equifax Breach: Here's What You Need To Do
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Stout vs. Seattle: Packers' defense fuels opening triumph
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James Franklin slights Pitt after Penn State's win
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Young Oregon defense to challenge Huskers
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Janet Jackson visits Harvey evacuees at Houston shelters
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