Veritas Asset Management Llp Has Trimmed Oracle (ORCL) Stake By $404.80 Million; Shorts at FIRM CAPITAL MORTGAGE (FCMGF) Raised By 24.83%

January 18, 2018 - By Richard Conner

Veritas Asset Management Llp decreased Oracle Corp (ORCL) stake by 52.19% reported in 2017Q3 SEC filing. Veritas Asset Management Llp sold 8.43 million shares as Oracle Corp (ORCL)’s stock rose 5.35%. The Veritas Asset Management Llp holds 7.73 million shares with $373.52M value, down from 16.16 million last quarter. Oracle Corp now has $208.10B valuation. The stock increased 1.37% or $0.68 during the last trading session, reaching $50.27. About 23.18 million shares traded or 51.13% up from the average. Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 18, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

FIRM CAPITAL MORTGAGE (OTCMKTS:FCMGF) had an increase of 24.83% in short interest. FCMGF’s SI was 36,200 shares in January as released by FINRA. Its up 24.83% from 29,000 shares previously. With 100 avg volume, 362 days are for FIRM CAPITAL MORTGAGE (OTCMKTS:FCMGF)’s short sellers to cover FCMGF’s short positions. It closed at $9.9798 lastly. It is down 0.00% since January 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial real estate finance. The company has market cap of $273.45 million. It engages in originating, funding, purchasing, and servicing mortgage investments. It has a 12.54 P/E ratio. The firm offers mortgage services, such as real estate financing, real estate investment financing, capital market services, loan servicing, and advisory services; lending programs comparing construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans; and various types of lending facilities to mortgage brokers.

Veritas Asset Management Llp increased Baidu Inc (NASDAQ:BIDU) stake by 10,989 shares to 3.42 million valued at $845.93M in 2017Q3. It also upped Comcast Corp New (NASDAQ:CMCSA) stake by 1.19M shares and now owns 33.20 million shares. Check Point Software Tech was raised too.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on March, 21. They expect $0.66 EPS, up 4.76% or $0.03 from last year’s $0.63 per share. ORCL’s profit will be $2.73 billion for 19.04 P/E if the $0.66 EPS becomes a reality. After $0.62 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.18, from 0.95 in 2017Q2. It is positive, as 67 investors sold ORCL shares while 498 reduced holdings. 122 funds opened positions while 519 raised stakes. 2.32 billion shares or 1.54% less from 2.35 billion shares in 2017Q2 were reported. Cadence Bankshares Na owns 0.12% invested in Oracle Corporation (NYSE:ORCL) for 6,417 shares. Mutual Of America Cap Mngmt Limited Liability Co reported 478,508 shares or 0.38% of all its holdings. 24,861 were reported by Bollard Group Inc Limited Co. Moreover, Carret Asset Management Lc has 0.96% invested in Oracle Corporation (NYSE:ORCL) for 123,052 shares. Whittier reported 449,284 shares stake. 212,817 were accumulated by Majedie Asset Mngmt Ltd. Hartford Inc reported 13,312 shares or 0.33% of all its holdings. Tocqueville Asset Management Lp, a New York-based fund reported 548,973 shares. National Bank Of Nova Scotia Trust reported 0.05% in Oracle Corporation (NYSE:ORCL). First American Comml Bank has invested 0.15% in Oracle Corporation (NYSE:ORCL). Park Corp Oh owns 0.1% invested in Oracle Corporation (NYSE:ORCL) for 36,765 shares. 14,155 are held by Benin Corporation. Indiana And Investment Mgmt holds 1.4% or 60,059 shares. Moreover, Ngam Ltd Partnership has 1.26% invested in Oracle Corporation (NYSE:ORCL). Curbstone Financial Mngmt has 13,134 shares.

Among 38 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Oracle had 103 analyst reports since July 30, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of ORCL in report on Thursday, September 17 with “Buy” rating. Nomura maintained it with “Buy” rating and $44 target in Thursday, September 17 report. As per Wednesday, March 16, the company rating was maintained by Goldman Sachs. BMO Capital Markets maintained it with “Buy” rating and $57.0 target in Monday, October 2 report. Deutsche Bank maintained it with “Hold” rating and $40 target in Friday, June 17 report. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Canaccord Genuity on Thursday, August 24. The stock of Oracle Corporation (NYSE:ORCL) earned “Market Perform” rating by BMO Capital Markets on Wednesday, March 16. RBC Capital Markets maintained it with “Outperform” rating and $53 target in Thursday, June 22 report. The firm earned “Buy” rating on Friday, June 23 by Argus Research. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, December 15.

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