Oracle Corporation (ORCL) : Seaward Management Limited Partnership reduced its stake in Oracle Corporation by 10.13% during the most recent quarter end. The investment management company now holds a total of 1,022,370 shares of Oracle Corporation which is valued at $41,610,459 after selling 115,204 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Oracle Corporation makes up approximately 2.22% of Seaward Management Limited Partnership’s portfolio.
Oracle Corporation opened for trading at $40.51 and hit $41 on the upside on Wednesday, eventually ending the session at $40.85, with a gain of 0.49% or 0.2 points. The heightened volatility saw the trading volume jump to 87,42,137 shares. Company has a market cap of $169,522 M.
Other Hedge Funds, Including , Dumont Blake Investment Advisors reduced its stake in ORCL by selling 1,000 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 37,086 shares of ORCL which is valued at $1,509,400. Oracle Corporation makes up approx 0.77% of Dumont Blake Investment Advisors’s portfolio.Wagner Bowman Management Corp reduced its stake in ORCL by selling 650 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 33,297 shares of ORCL which is valued at $1,365,843. Oracle Corporation makes up approx 0.54% of Wagner Bowman Management Corp’s portfolio.Koshinski Asset Management reduced its stake in ORCL by selling 274 shares or 4.25% in the most recent quarter. The Hedge Fund company now holds 6,172 shares of ORCL which is valued at $253,175. Oracle Corporation makes up approx 0.16% of Koshinski Asset Management’s portfolio.D. Scott Neal reduced its stake in ORCL by selling 250 shares or 14.71% in the most recent quarter. The Hedge Fund company now holds 1,450 shares of ORCL which is valued at $59,479. Oracle Corporation makes up approx 0.06% of D. Scott Neal’s portfolio.Capital Insight Partners boosted its stake in ORCL in the latest quarter, The investment management firm added 636 additional shares and now holds a total of 75,582 shares of Oracle Corporation which is valued at $3,052,757. Oracle Corporation makes up approx 3.12% of Capital Insight Partners’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. Northland Capital Initiated Oracle Corporation on Apr 20, 2016 to “Outperform”, Price Target of the shares are set at $50.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 .
Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Companys 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