Oracle Falls over 9% on Weak Guidance

Oracle beats Q3 earnings estimates

Oracle cloud revenues jump 32% to USD 9.8 bln, driving solid Q3

The stock decreased 0.61% or $0.32 during the last trading session, reaching $51.95. 68,559,852 shares traded hands during mid-day trading, an increase of 304% from the average session volume of 16,979,701 shares. Drexel Morgan & reported 0.36% of its portfolio in Oracle Corporation (NYSE:ORCL). It has underperformed by 2.62% the S&P500.

Pathstone Family Office Llc decreased Oracle Corp (ORCL) stake by 93.5% reported in 2017Q3 SEC filing. Manufacturers Life Insurance The holds 0.6% of its portfolio in Oracle Corporation (NYSE:ORCL) for 10.37M shares. The company has market cap of $690.76 million. The Gardner Russo & Gardner Llc holds 9.50M shares with $1.34B value, down from 9.56M last quarter. Oracle Corporation (NYSE:ORCL) has risen 14.08% since March 20, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

The institutional investor owned 13,843,616 shares of the enterprise software provider's stock after acquiring an additional 1,223,459 shares during the quarter. 323.95 million shares or 0.19% less from 324.57 million shares in 2017Q2 were reported. Negative earnings revisions - when investors sell off in response to bad news at a company - are becoming less impactful on the overall health of Oracle stock. 103 funds opened positions while 495 raised stakes. Following the transaction, the insider now directly owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. Oracle fell as much as 11 percent to $46.43, the biggest intraday move since December 2011. Moreover, Highvista Strategies Lc has 0.12% invested in Oracle Corporation (NYSE:ORCL). Thomas White Limited reported 20,551 shares. First Quadrant Ltd Partnership Ca holds 23,349 shares. University Of Notre Dame Du Lac, Indiana-based fund reported 97,388 shares. 220,923 were accumulated by Pinnacle Assoc Limited. The Florida-based Naples Glob Advsr Ltd Limited Liability Company has invested 0.46% in Oracle Corporation (NYSE:ORCL).

Among 41 analysts covering Oracle (NYSE:ORCL), 27 have Buy rating, 0 Sell and 14 Hold. Therefore 72% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has "Buy" rating by UBS given on Friday, September 15. The stock has "Buy" rating by Credit Suisse on Thursday, October 12. The firm has "Outperform" rating given on Thursday, March 16 by BMO Capital Markets. Drexel Hamilton has "Buy" rating and $5300 target. Macquarie Research has "Neutral" rating and $20 target. The firm has "Buy" rating by Stifel Nicolaus given on Thursday, October 19.

Since November 17, 2017, it had 0 insider purchases, and 1 insider sale for $292,234 activity. Ford Robert B had sold 42,665 shares worth $2.69 million. 17,167 shares were sold by McLaughlin Edward Grunde, worth $2.61 million. (NYSE:CNP) rating on Tuesday, December 26.

"Investors were expecting strength in new licences, and that decreased". Its up 0.02, from 1.13 in 2017Q2. Gardner Russo & Gardner Llc sold 56,917 shares as Mastercard Inc Cl A (MA)'s stock rose 7.46%. 12 funds opened positions while 28 raised stakes. Wg Shaheen Assocs Dba Whitney invested in 16,355 shares. The Iowa-based Cambridge Invest Research Advsrs has invested 0.13% in Abbott Laboratories (NYSE:ABT). Edmp stated it has 57,945 shares or 2.52% of all its holdings. Etrade Capital Mngmt Ltd Co has invested 0.02% of its portfolio in CenterPoint Energy, Inc. Mirae Asset Global Limited owns 107,833 shares for 0.09% of their portfolio. Cap Advisors Ok has invested 0.09% in Abbott Laboratories (NYSE:ABT). Johnson Counsel invested in 995,461 shares. Ensemble Cap Mgmt Ltd Llc stated it has 433,435 shares. New Mexico Educational Retirement Board owns 161,352 shares for 0.41% of their portfolio. Baystate Wealth Management Limited Liability owns 2,738 shares or 0.02% of their U.S. portfolio. Aspen Mngmt has invested 0.27% in Abbott Laboratories (NYSE:ABT). (NYSE:ALLY) on Tuesday, January 30 with "Sell" rating. Abbott Laboratories had 105 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with "Hold" on Friday, February 23. The firm has "Overweight" rating given on Tuesday, January 3 by Barclays Capital. The stock of Abbott Laboratories (NYSE:ABT) has "Buy" rating given on Tuesday, August 15 by Cowen & Co. As per Thursday, September 28, the company rating was maintained by Jefferies. Also, EVP Dorian Daley sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, December 21st. The stock has "Buy" rating by RBC Capital Markets on Friday, August 25.

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