Capital Impact Advisors Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Capital Impact Advisors reduced its stake in Oracle Corporation by 14.69% during the most recent quarter end. The investment management company now holds a total of 44,237 shares of Oracle Corporation which is valued at $1,814,602 after selling 7,620 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Oracle Corporation makes up approximately 0.86% of Capital Impact Advisors’s portfolio.

Oracle Corporation opened for trading at $40.84 and hit $41.25 on the upside on Monday, eventually ending the session at $41.24, with a gain of 0.54% or 0.22 points. The heightened volatility saw the trading volume jump to 88,49,259 shares. Company has a market cap of $171,140 M.

Other Hedge Funds, Including , Santa Fe Partners sold out all of its stake in ORCL during the most recent quarter. The investment firm sold 11,286 shares of ORCL which is valued $462,952. Daiwa Sb Investments Ltd. sold out all of its stake in ORCL during the most recent quarter. The investment firm sold 6,400 shares of ORCL which is valued $262,528. Abner Herrman Brock added ORCL to its portfolio by purchasing 8,644 company shares during the most recent quarter which is valued at $349,131. Oracle Corporation makes up approx 0.09% of Abner Herrman Brock’s portfolio.Capital Investment Services Of America reduced its stake in ORCL by selling 849 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 319,434 shares of ORCL which is valued at $12,901,939. Oracle Corporation makes up approx 2.48% of Capital Investment Services Of America’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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