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Oracle reported strong Q1 earnings, despite some investors reducing their holdings.
Several institutional investors have reduced their holdings in Oracle Corporation, including British Columbia Investment Management Corp and APG Asset Management N.V., though Oracle's stock position increased slightly with Smartleaf Asset Management LLC.
Oracle reported strong Q1 earnings, with an EPS of $1.70, beating estimates by $0.06, and $15.90 billion in revenue, surpassing expectations.
The company's stock has a PE ratio of 54.42 and analysts have given it a "Moderate Buy" rating with a target price of $227.04.
Oracle offers various cloud software applications and has a dividend yield of 0.8%.
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Oracle informó de fuertes ganancias del primer trimestre, a pesar de que algunos inversores redujeron sus participaciones.