Deutsche Bank analyst Karl Keirstead raised his price target on Oracle after the company reported stronger than expected Q4 results. The analyst says that the company's reaffirmation of its fiscal 2018 guidance for 10%+ EPS growth is "bullish" because it is now based on a higher level given the Q4 beat. The analyst says that the beat was caused by higher than expected on-premise spending, and he thinks that overall global software spending appears to be strong after a number of software companies posted "solid" results recently, but he warns that the phenomenon could be temporary. He raised his price target on Oracle to $48 from $44 but keeps a Hold rating.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Vertex (VERX) announced that it has been selected to join the Oracle Independent Software Vendor, ISV, Accelerator for SaaS Initiative. With expertise in Oracle (ORCL) Cloud Fusion Cloud Applications integrations, Vertex continues to leverage the power of contract and tax data to optimize customer operations and outcomes. "Building on our longstanding relationship with Oracle, we are thrilled to join the Oracle ISV Accelerator," said Bradd Wildstein, Vice President, Indirect Sales at Vertex, Inc. "Through this partnership, Vertex can now enhance our customers' finance and sales processes by integrating essential tax solutions into Oracle Fusion Applications. It's more than just data integration - it's about unifying disparate functions, streamlining operations, and amplifying benefits for our mutual customers."

Oracle Chairman Larry Ellison said the company is moving its world headquarters to Nashville, Tennessee, Ashley Capoot of CNBC reports. Ellison said Oracle is moving to a "huge campus" and it is closer to "the center of the industry we're most concerned about, which is the health-care industry." Reference Link