Google copyright battle with Oracle could cost $8.8 billion

Yolanda Curtis
March 29, 2018

Moreover, Mufg Americas has 0.27% invested in Oracle Corporation (NYSE:ORCL) for 189,483 shares. The institutional investor owned 51,031 shares of the enterprise software provider's stock after acquiring an additional 7,231 shares during the quarter. LSV Asset Management owned approximately 0.06% of Oracle worth $112,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other equities analysts have also recently commented on the company. Finally, Franklin Resources Inc. grew its stake in shares of Oracle by 5.8% in the 2nd quarter. Chatham Cap Gru accumulated 6,184 shares or 0.08% of the stock.

Boston Common Asset Management Llc, which manages about $24.33 billion and $802.30 million US Long portfolio, decreased its stake in Zimmer Biomet Hldgs Inc Com (ZMH) by 7,192 shares to 3,170 shares, valued at $371,000 in 2017Q3, according to the filing. CIBC World Markets Inc. now owns 231,515 shares of the enterprise software provider's stock valued at $11,608,000 after buying an additional 78,482 shares in the last quarter. Oracle's revenue was up 5.4% on a year-over-year basis. Israel Discount Bank of NY now owns 18,025 shares of the enterprise software provider's stock valued at $904,000 after buying an additional 90 shares in the last quarter. The stock decreased 2.41% or $1.12 during the last trading session, reaching $45.36. As per Thursday, March 1, the company rating was maintained by Williams Capital Group. Oracle had been seeking $8.8 billion, but it could choose to seek a higher number. The firm has a market capitalization of $192,408.70, a P/E ratio of 54.85, a PEG ratio of 1.71 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 19th. The price to earnings growth ratio is 2.10 and the price to sales ratio is 4.99. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.72 by $0.11.

The two companies have been sparing over this issue for the last eight years. Investors of record on Tuesday, April 17th will be paid a dividend of $0.19 per share. Its up 0.02, from 1.15 in 2017Q2. Oracle's payout ratio is 92.68%.

Oracle declared that its Board of Directors has approved a share repurchase program on Thursday, December 14th that allows the company to buyback $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Considering that the stock recent volume of 18925256 shares, this represents a pretty noteworthy trading in volume size. It's safe to say the company won't simply give in and start talking payment terms with Oracle. This research report and rating ought to be used to complement individual research and plans. TheStreet lowered Oracle from a "b+" rating to a "c+" rating in a report on Monday, March 19th. Stephens downgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Wednesday, November 1 to "Hold" rating. The stock of Oracle Corporation (NYSE:ORCL) has "Equal-Weight" rating given on Wednesday, November 11 by Morgan Stanley. This based on a 1.0-5.0 numeric scale where Rating Scale: 1.00 Strong Buy, 2.00 Buy, 3.00 Hold, 4.00 Sell, 5.00 Strong Sell. The total value of these holdings, in millions, is $108,361. The shares were sold at an average price of $52.19, for a total transaction of $195,712.50. The stock price value Change from Open was at -2.68% with a Gap of 0.32%. The disclosure for this sale can be found here.

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Oracle said its APIs are freely available to those who want to build applications for computers and mobile devices, but draws the line at anyone who wants to use them for a competing platform or to embed them in an electronic device. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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