Oracle Corporation (NYSE:ORCL) announces a quarterly dividend of $0.19

Alicia Cross
September 16, 2017

On June 22 the company was rated "Outperform" by Wedbush which is up from the previous "Neutral" rating. The Michigan-based Chemical Bancorporation has invested 0.4% in Oracle Corporation (NYSE:ORCL). Finally, Moffett Nathanson assumed coverage on Oracle Corporation in a report on Wednesday, September 6th. Wunderlich maintained the stock with "Hold" rating in Thursday, September 17 report.

Rosenblatt Securities analyst Marshall Senk maintained a buy rating and price target of 58.

In a report issued on September 5, Credit Suisse also initiated coverage with a Buy rating on the stock with a $62 price target. First Heartland Consultants holds 0.14% of its portfolio in Oracle Corporation (NYSE:ORCL) for 12,362 shares. Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst.

Ahead of the opening bell at 1357 BST, Oracle shares were trading 3.39% lower at $51.00. Anderson Hoagland & Co who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $218.38B market cap company. In order to determine directional movement, the 50-day and 200-day moving averages for Oracle Corporation (NYSE:ORCL) are $49.96 and $46.89. Looking at a shorter time period, shares have been seen -7.58% away from the 50 day high and 2.36% off the 50 day low price.Covering sell-side analysts have recently weighed in on shares of Oracle Corporation (NYSE:ORCL).

The software maker said first quarter revenue rose 7 percent to $9.21 billion, beating analysts' estimates of $9.02 billion, according to Thomson Reuters.

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Excluding one-time items, Oracle earned $2.7 billion, or 62 cents a share. Clifford Swan Inv Counsel Ltd Liability Corp owns 1.26% invested in Oracle Corporation (NYSE:ORCL) for 490,313 shares.

In a statement, Oracle Co-Chief Executive Safra Catz said the "sustained hyper-growth" of the company's cloud business was at the root of Oracle's overall better-than-expected quarterly results.

Oracle's embrace of the cloud is often pegged to its $9.3 billion acquisition of NetSuite Inc. last November. The firm has "Buy" rating by Drexel Hamilton given on Saturday, October 10. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & worldwide trademark and copyright law. The original version of this article can be read at https://www.truebluetribune.com/2017/09/15/oracle-corporation-orcl-rating-reiterated-by-mitsubishi-ufj-financial-group.html.

Oracle pays a dividend of $0.76. The Menora Mivtachim Holdings Ltd holds 567,490 shares with $21.82 million value, up from 432,390 last quarter. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. Given that liquidity is king in short-term, ORCL is a stock with 4.15 billion shares outstanding that normally trades 1.11% of its float. Lloyds Banking had 18 analyst reports since August 25, 2015 according to SRatingsIntel. Snow Capital Mgmt LP owns 3.17 million shares. As per Monday, July 24, the company rating was maintained by Jefferies. The Fiera Capital Corp holds 6.55M shares with $252.04 million value, up from 5.66 million last quarter. The disclosure for this sale can be found here. However, the institutional investors are observed to own 60.00% of the total shares. Ajo Ltd Partnership has 902,342 shares for 0.14% of their portfolio.

On 09/13/2017 shares of VeriFone Systems, Inc. As of the end of the quarter Perigon Wealth Management, LLC had disposed of a total of 675 shares trimming its position 3.2%.

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