Oracle (ORCL) EPS Estimated At $0.86; Frigate Ventures LP Has Cut Credit Accep Mich (Put) (CACC) Position

May 23, 2018 - By Charlene Higgins

Oracle Corporation (NYSE:ORCL) Logo

Frigate Ventures Lp decreased Credit Accep Corp Mich (Put) (CACC) stake by 80.18% reported in 2017Q4 SEC filing. Frigate Ventures Lp sold 121,400 shares as Credit Accep Corp Mich (Put) (CACC)’s stock rose 1.15%. The Frigate Ventures Lp holds 30,000 shares with $9.70 million value, down from 151,400 last quarter. Credit Accep Corp Mich (Put) now has $7.05 billion valuation. The stock increased 1.33% or $4.77 during the last trading session, reaching $363.06. About 140,761 shares traded or 36.11% up from the average. Credit Acceptance Corporation (NASDAQ:CACC) has risen 74.80% since May 23, 2017 and is uptrending. It has outperformed by 63.25% the S&P500.

Analysts expect Oracle Corporation (NYSE:ORCL) to report $0.86 EPS on June, 20.They anticipate $0.04 EPS change or 4.88% from last quarter’s $0.82 EPS. ORCL’s profit would be $3.51 billion giving it 13.48 P/E if the $0.86 EPS is correct. After having $0.75 EPS previously, Oracle Corporation’s analysts see 14.67% EPS growth. The stock decreased 1.78% or $0.84 during the last trading session, reaching $46.37. About 18.51M shares traded or 20.02% up from the average. Oracle Corporation (NYSE:ORCL) has risen 1.20% since May 23, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Among 43 analysts covering Oracle (NYSE:ORCL), 27 have Buy rating, 0 Sell and 16 Hold. Therefore 63% are positive. Oracle had 116 analyst reports since July 30, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, October 19. Stifel Nicolaus has “Buy” rating and $53.0 target. The rating was maintained by Canaccord Genuity with “Buy” on Monday, May 29. The company was maintained on Wednesday, March 16 by BMO Capital Markets. The rating was maintained by Raymond James with “Buy” on Friday, December 15. Nomura maintained the shares of ORCL in report on Thursday, September 17 with “Buy” rating. As per Friday, June 23, the company rating was maintained by Morgan Stanley. The firm earned “Buy” rating on Thursday, August 24 by Canaccord Genuity. Wedbush upgraded the shares of ORCL in report on Thursday, June 22 to “Outperform” rating. The stock has “Buy” rating by Rosenblatt on Thursday, June 22. The firm earned “Buy” rating on Wednesday, June 21 by Canaccord Genuity.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle To Acquire DataScience For Workflow Technologies” on May 22, 2018, also Seekingalpha.com with their article: “The Information: Oracle’s aggressive cloud sales tactics push away customers” published on May 22, 2018, Seekingalpha.com published: “Oracle buys DataScience.com” on May 16, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Themiddlemarket.com and their article: “M&A daily wrap: Houlihan Lokey, BearTooth Advisors, NYSE, Stacey Cunningham, Adobe, Magento” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “What Does Cap Ex Spending Tell Us About Oracle’s Future Cloud Growth?” with publication date: May 23, 2018.

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.02, from 1.13 in 2017Q3. It increased, as 80 investors sold Oracle Corporation shares while 488 reduced holdings. 126 funds opened positions while 526 raised stakes. 2.29 billion shares or 1.37% less from 2.32 billion shares in 2017Q3 were reported. Reynders Mcveigh Cap Mngmt Ltd Liability Com holds 0.3% of its portfolio in Oracle Corporation (NYSE:ORCL) for 48,417 shares. Meiji Yasuda Asset Mngmt Com reported 0.69% in Oracle Corporation (NYSE:ORCL). 2.45 million are held by Korea Invest. Bancorporation Of Stockton holds 0.3% or 15,261 shares. Ascend Capital Limited has 173,490 shares. Weiss Multi stated it has 25,000 shares or 0.03% of all its holdings. Mairs & reported 32,643 shares stake. Lipe Dalton holds 12,290 shares or 0.4% of its portfolio. Hartford Fin Mgmt invested 0.31% of its portfolio in Oracle Corporation (NYSE:ORCL). Lenox Wealth Management Inc reported 3,478 shares stake. Polen Cap Mgmt Ltd Liability Company owns 15.67M shares for 5.51% of their portfolio. Stewart West Indies Trading Ltd has 731,200 shares. Gyroscope Mngmt Grp Ltd Liability Company holds 0.64% or 29,424 shares. Swedbank invested 1.01% of its portfolio in Oracle Corporation (NYSE:ORCL). Pinnacle Assoc Ltd stated it has 219,224 shares.

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology environments worldwide. The company has market cap of $189.30 billion. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service. It has a 54.23 P/E ratio. The firm licenses its Oracle Database software, which enables storage, retrieval, and manipulation of data; and Oracle Fusion Middleware software to build, deploy, secure, access, and integrate business applications, as well as automate their business processes.

More recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: Globenewswire.com which released: “Credit Acceptance Announces Increase of Revolving Secured Warehouse Facility” on May 10, 2018. Also Nasdaq.com published the news titled: “Credit Acceptance Announces First Quarter 2018 Earnings” on May 03, 2018. Seekingalpha.com‘s news article titled: “Credit Acceptance’s (CACC) CEO Brett Roberts on Q1 2018 Results – Earnings Call Transcript” with publication date: May 04, 2018 was also an interesting one.

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.01, from 1.03 in 2017Q3. It is positive, as 18 investors sold CACC shares while 60 reduced holdings. 35 funds opened positions while 46 raised stakes. 12.84 million shares or 2.21% less from 13.13 million shares in 2017Q3 were reported. The Kansas-based Mariner Wealth Ltd Company has invested 0.03% in Credit Acceptance Corporation (NASDAQ:CACC). Wellington Gp Llp has 644,172 shares. Lord Abbett & Company Llc reported 63,527 shares. First Savings Bank Of Omaha stated it has 0.17% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Nuveen Asset Management Lc reported 0.03% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Alps Advsrs reported 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Beck Mack & Oliver Ltd Liability Corp reported 3.45% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Voya Mgmt Limited Co accumulated 3,995 shares. Account Mgmt Lc owns 5.96% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 21,255 shares. Royal Bancorp Of Canada holds 2,335 shares or 0% of its portfolio. Brandywine Glob Investment Mngmt Ltd Liability has invested 0.14% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). First Advsrs LP holds 0.04% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 47,542 shares. Envestnet Asset Mngmt holds 0% in Credit Acceptance Corporation (NASDAQ:CACC) or 2,337 shares. State Of Alaska Department Of Revenue holds 0.01% or 1,000 shares. Vulcan Value Partners Limited holds 167,963 shares or 0.45% of its portfolio.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on July, 30. They expect $6.48 EPS, up 24.14% or $1.26 from last year’s $5.22 per share. CACC’s profit will be $125.78M for 14.01 P/E if the $6.48 EPS becomes a reality. After $6.11 actual EPS reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 6.06% EPS growth.

Among 12 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 6 Sell and 5 Hold. Therefore 8% are positive. Credit Acceptance Corp had 30 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, January 23 by Susquehanna. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Buy”. As per Tuesday, October 31, the company rating was maintained by Credit Suisse. The rating was maintained by Jefferies on Tuesday, October 31 with “Hold”. The rating was maintained by Jefferies on Thursday, September 7 with “Hold”. Jefferies maintained the shares of CACC in report on Wednesday, January 10 with “Hold” rating. JMP Securities downgraded the stock to “Market Underperform” rating in Wednesday, March 16 report. Janney Capital upgraded Credit Acceptance Corporation (NASDAQ:CACC) on Monday, June 20 to “Neutral” rating. The firm earned “Market Perform” rating on Wednesday, August 26 by JMP Securities. The rating was maintained by Bank of America with “Underperform” on Tuesday, October 31.

Since February 5, 2018, it had 0 insider buys, and 3 insider sales for $1.83 million activity. On Friday, March 16 the insider Soave John S. sold $842,525. BUSK DOUGLAS W had sold 1,000 shares worth $319,860 on Monday, February 5. On Tuesday, March 6 the insider Booth Kenneth sold $669,000.

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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