Washington Trust Bank Lowered Oracle (ORCL) Position By $5.95 Million; Ribbon Communications (RBBN) Shorts Down By 73.57%

May 16, 2018 - By Annabelle Johnson

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Washington Trust Bank decreased Oracle Corp (ORCL) stake by 77.11% reported in 2017Q4 SEC filing. Washington Trust Bank sold 126,490 shares as Oracle Corp (ORCL)’s stock declined 4.18%. The Washington Trust Bank holds 37,550 shares with $1.78M value, down from 164,040 last quarter. Oracle Corp now has $191.09B valuation. The stock decreased 0.02% or $0.01 during the last trading session, reaching $46.81. About 11.30M shares traded. Oracle Corporation (NYSE:ORCL) has risen 1.20% since May 16, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Ribbon Communications Inc (NASDAQ:RBBN) had a decrease of 73.57% in short interest. RBBN’s SI was 775,000 shares in May as released by FINRA. Its down 73.57% from 2.93 million shares previously. With 1.08M avg volume, 1 days are for Ribbon Communications Inc (NASDAQ:RBBN)’s short sellers to cover RBBN’s short positions. The SI to Ribbon Communications Inc’s float is 1.61%. The stock decreased 2.46% or $0.14 during the last trading session, reaching $5.55. About 246,808 shares traded. Ribbon Communications Inc. (NASDAQ:RBBN) has declined 20.88% since May 16, 2017 and is downtrending. It has underperformed by 32.43% the S&P500.

More recent Oracle Corporation (NYSE:ORCL) news were published by: Fool.com which released: “Better Buy: International Business Machines (IBM) vs. Oracle (ORCL)” on May 09, 2018. Also Seekingalpha.com published the news titled: “Oracle acquires ad targeting company Grapeshot” on April 24, 2018. Seekingalpha.com‘s news article titled: “Oracle’s Cloud Transition Doesn’t Match Other Success Stories” with publication date: May 03, 2018 was also an interesting one.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on June, 20. They expect $0.86 EPS, up 4.88% or $0.04 from last year’s $0.82 per share. ORCL’s profit will be $3.51B for 13.61 P/E if the $0.86 EPS becomes a reality. After $0.75 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 14.67% EPS growth.

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.02, from 1.13 in 2017Q3. It improved, as 80 investors sold ORCL 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. First Personal Finance Serv has 0.94% invested in Oracle Corporation (NYSE:ORCL) for 102,452 shares. Valmark Advisers Incorporated accumulated 4,955 shares. Tiemann Investment Advisors Ltd Llc holds 1.68% in Oracle Corporation (NYSE:ORCL) or 44,605 shares. Baldwin Invest Ltd holds 5,150 shares or 0.09% of its portfolio. Baystate Wealth Management Ltd owns 2,938 shares. Sva Plumb Wealth Ltd Liability holds 0.05% or 9,093 shares. 151,516 were reported by Brinker. Oppenheimer Asset Mgmt reported 204,467 shares. Argent has 0.72% invested in Oracle Corporation (NYSE:ORCL) for 38,959 shares. Marshwinds Advisory Communications holds 107,631 shares. Tower Ltd Llc (Trc) owns 61,527 shares or 0.38% of their US portfolio. Huntington Financial Bank owns 590,992 shares or 0.45% of their US portfolio. Iberiabank holds 0.54% or 73,303 shares in its portfolio. Moors & Cabot Inc has 14,395 shares for 0.09% of their portfolio. Strategic Financial Svcs Inc holds 81,568 shares.

Washington Trust Bank increased Select Sector Spdr (XLK) stake by 5,180 shares to 12,595 valued at $805,000 in 2017Q4. It also upped Dxc Technology Co stake by 62,132 shares and now owns 62,738 shares. Thermo Fisher Scientific Inc (NYSE:TMO) was raised too.

Among 42 analysts covering Oracle (NYSE:ORCL), 27 have Buy rating, 0 Sell and 15 Hold. Therefore 64% are positive. Oracle has $65 highest and $37 lowest target. $54.02’s average target is 15.40% above currents $46.81 stock price. Oracle had 115 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Raymond James on Friday, December 15 with “Buy”. The firm has “Buy” rating given on Wednesday, June 21 by Canaccord Genuity. The stock of Oracle Corporation (NYSE:ORCL) earned “Hold” rating by William Blair on Friday, September 15. The firm has “Buy” rating given on Friday, September 15 by Jefferies. The rating was downgraded by Atlantic Securities to “Neutral” on Tuesday, July 19. The firm has “Buy” rating given on Thursday, August 24 by Canaccord Genuity. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Friday, December 15. Rosenblatt maintained the shares of ORCL in report on Thursday, June 22 with “Buy” rating. Jefferies maintained Oracle Corporation (NYSE:ORCL) rating on Tuesday, June 20. Jefferies has “Buy” rating and $52 target. The rating was maintained by Wedbush on Thursday, March 30 with “Neutral”.

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