Livforsakringsbolaget Skandia Omsesidigt Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Livforsakringsbolaget Skandia Omsesidigt reduced its stake in Oracle Corporation by 7.67% during the most recent quarter end. The investment management company now holds a total of 373,157 shares of Oracle Corporation which is valued at $15,306,900 after selling 31,000 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Oracle Corporation makes up approximately 0.71% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.

Oracle Corporation closed down -0.22 points or -0.53% at $41.02 with 1,03,40,334 shares getting traded on Friday. Post opening the session at $41.12, the shares hit an intraday low of $41.02 and an intraday high of $41.38 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in ORCL in the latest quarter, The investment management firm added 49,568 additional shares and now holds a total of 767,171 shares of Oracle Corporation which is valued at $31,469,354. Oracle Corporation makes up approx 0.71% of Exxonmobil Investment Management Inc Tx’s portfolio.Charter Trust Co reduced its stake in ORCL by selling 1,877 shares or 2.6% in the most recent quarter. The Hedge Fund company now holds 70,252 shares of ORCL which is valued at $2,837,478. Oracle Corporation makes up approx 0.35% of Charter Trust Co’s portfolio.Partnerre Asset Management Corp reduced its stake in ORCL by selling 300 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 21,289 shares of ORCL which is valued at $859,863. Oracle Corporation makes up approx 0.46% of Partnerre Asset Management Corp’s portfolio.Private Asset Management Inc reduced its stake in ORCL by selling 5,587 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 197,147 shares of ORCL which is valued at $7,962,767. Oracle Corporation makes up approx 1.45% of Private Asset Management Inc’s portfolio.Beacon Financial Group boosted its stake in ORCL in the latest quarter, The investment management firm added 183 additional shares and now holds a total of 14,296 shares of Oracle Corporation which is valued at $588,423. Oracle Corporation makes up approx 0.13% of Beacon Financial Group’s portfolio.

On the company’s financial health, Oracle Corporation reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 15, 2016. Analyst had a consensus of $0.62. The company had revenue of $9014.00 million for the quarter, compared to analysts expectations of $9128.37 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on Oracle Corporation. Company shares were Reiterated by Canaccord Genuity on Mar 16, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $44 .Shares were Reiterated by UBS on Mar 16, 2016 to “Buy” and Lowered the Price Target to $ 44 from a previous price target of $45 .Company shares were Reiterated by BMO Capital Markets on Mar 16, 2016 to “Market Perform”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Company’s offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services

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