Hedge

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ORCL stock price: The shares have experienced a bearish trend over the past few months.</a> </li> 
 <li> <span>2</span> <a>The company has been performing well on a fundamental basis.&nbsp;</a> </li> 
 <li> <span>3</span> <a>The current stock price is about to make a trend reversal, look at the level below.</a> </li> 
</ul> 
<p>Recently, the information technology (NYSE: ORCL) company has been under the “interest coverage” of Hedge funds and Asset management firms. In the recent report published by Bloomberg, ORCL stock price received a “Moderate buy” rating from AMCs. The average 52-week price target among these finance firms is $124.&nbsp;</p> 
<p>BlackRock Inc. has increased its holdings by 3% during the second quarter. On the other hand,&nbsp; State Street Corp increased their holding by 1.5% in the same quarter. Another major Bank, Julius Baer &amp; Co. also raised its investment in ORCL by a significant margin.</p> 
<h2 class="wp-block-heading" id="strong-financial-performance-of-oracle-corporation-strong"><strong>Financial Performance of Oracle Corporation</strong></h2> 
<p>The financial performance of Oracle has been great over these quarters, considering it a large-cap stock with a market capitalization of $301B. The revenue for the latest quarter was $12.4B with a year-on-year (YOY) Increase of 8.8%. The management has controlled the operations’ budget efficiently as the net revenue grew by 56% in the same period.&nbsp;</p> 
<p>Along with the sales and profit numbers, Ratios like Earning per share (EPS) are $4.4 while the Price-earnings ratio is towards the higher side at 32.2. Along with the recurring earnings, the company is also paying our regular dividends to its shareholders.&nbsp;</p> 
<p>The average dividend per share over these years is $1.2 while the dividend yield is 1.5%. At last, the company is offering a dividend payout of 45% on average. It means the rest 55% is getting reinvested back into the business which is bringing sales growth.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-orcl-stock-price-strong"><strong>Technical Analysis and Prediction of the ORCL Stock Price&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="799" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-238.png" alt="(NYSE: ORCL): Top AMCs Increased Their Stake, Gave a Buy Rating" class="wp-image-174653" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-238.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-238-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-238-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-238-768x384.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-238-1536x767.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-238-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-238-750x375.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-238-1140x569.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Chart provided by<a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=NYSE%3AORCL"> TradingView </a>(Daily time frame
  </figcaption>
 </figure>
</div> 
<p>The ORCL <a href="https://www.thecoinrepublic.com/2023/09/13/iag-stock-price-half-yearly-reports-overwhelm-the-investors/" target="_blank" rel="noreferrer noopener">stock price</a> is currently trading at the level of $109 after falling with a gap-down opening during mid-September. The immediate resistance is at $112 towards which the stock price is rising after the bulls reclaimed the support level of $103.</p> 
<p>The Relative Strength Index (RSI), on the other hand, is also in its neutral zone of 47. It shows that the bulls have enough space to break the current resistance. The trend is negative, but if the bulls can make the breakout past the level of $114, it will result in a trend reversal for a bullish rally. Therefore, the shallow price prediction will be bullish</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The Oracle corporation has been given a buy rating from most Banks, Asset management firms, and Hedge funds. The company has been performing very well on a fundamental basis with growing profits and regular dividends. The current trend in the ORCL stock price is negative. However, it is predicted that the bulls will break the immediate resistance for a trend reversal.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support: $103, and $90.5</p> 
<p>Resistance: $114, and $127</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

(NYSE: ORCL): Top AMCs Increased Their Stake, Gave a Buy Rating

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