Company Update: Oracle Corporation (NYSE:ORCL) – Oracle Buys Textura for $633 Million at 30% Premium

[at Barrons.com] – Shares of cloud computing-based billing construction invoice manager Textura (TXTR) are up $6.09, or 31%, at $25.99, after Oracle (ORCL) this morning said it would buy the company for $26 a share in cash. Oracle said it will combine the business of Textura, which serves 85,000 general and subcontractors processing $3.4 billion in payments a month, with Oracle’s “Primavera” unit to form an “Oracle Engineering and Construction Global Business Unit.” Said Oracle VP Mike Sicilia, The increasingly global engineering and construction industry requires digital modernization in a way that automates manual processes and embraces the power of cloud computing to easily connect the construction job site, reduce cost overruns, and improve productivity. Together, Textura and Oracle Engineering and Construction will have the most comprehensive set of cloud services in the industry. Read more on this. Oracle Corporation (ORCL) , currently valued at $168.88B, opened this morning at $40.36. Looking at today’s market, ORCL one day range is $40.31 to $40.97 and has traded between $33.13 and $45.24 over the past 12 months. Oracle (ORCL) shares are currently priced at 15.59x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.73x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 1.47%. According to a consensus of 32 analysts, the earnings estimate of $0.82 per share would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.62, which would be a $0.15 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.46 Billion. If reported, that would be a 2.33% decrease over the year-ago quarter. In terms of ratings, Northland Capital Initiated ORCL at Outperform (Apr 20, 2016). Previously, Macquarie Initiated ORCL at to Outperform. Investors should keep in mind is that the average price target is $43.94, which is 8.87% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Buy Oracle for Its Dividend, Expanding Cloud Business Company Update: Oracle Corporation (NYSE:ORCL) – Here’s Why Oracle (ORCL) Stock is Down Today Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Jumps, Analysts Bullish Long Term