Tufton Capital Management buys $12,190,652 stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Tufton Capital Management scooped up 630 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 297,188 shares of Oracle Corporation which is valued at $12,190,652.Oracle Corporation makes up approximately 3.02% of Tufton Capital Management’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 , Guinness Atkinson Asset Management Inc reduced its stake in ORCL by selling 13,050 shares or 8.36% in the most recent quarter. The Hedge Fund company now holds 143,130 shares of ORCL which is valued at $5,871,193. Oracle Corporation makes up approx 3.60% of Guinness Atkinson Asset Management Inc’s portfolio.Addison Capital Co reduced its stake in ORCL by selling 597 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 53,921 shares of ORCL which is valued at $2,211,839. Oracle Corporation makes up approx 1.67% of Addison Capital Co’s portfolio.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.West Oak Capital reduced its stake in ORCL by selling 285 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 38,145 shares of ORCL which is valued at $1,540,677. Oracle Corporation makes up approx 1.20% of West Oak Capital’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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