Torch Wealth Management Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Torch Wealth Management reduced its stake in Oracle Corporation by 1.85% during the most recent quarter end. The investment management company now holds a total of 64,679 shares of Oracle Corporation which is valued at $2,578,105 after selling 1,221 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Oracle Corporation makes up approximately 1.93% of Torch Wealth Management’s portfolio.

Oracle Corporation opened for trading at $39.9 and hit $40.43 on the upside on Monday, eventually ending the session at $40.3, with a gain of 1.10% or 0.44 points. The heightened volatility saw the trading volume jump to 1,04,54,246 shares. Company has a market cap of $167,240 M.

Other Hedge Funds, Including , Physicians Financial Services reduced its stake in ORCL by selling 197 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 35,127 shares of ORCL which is valued at $1,400,162. Oracle Corporation makes up approx 1.27% of Physicians Financial Services’s portfolio.Duncker Streett Co Inc reduced its stake in ORCL by selling 795 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 30,570 shares of ORCL which is valued at $1,218,520. Oracle Corporation makes up approx 0.45% of Duncker Streett Co Inc’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in ORCL by selling 2,545 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 430,331 shares of ORCL which is valued at $17,514,472. Oracle Corporation makes up approx 0.17% of Tiaa Cref Trust Co Fsbmo’s portfolio.Advisory Services Network reduced its stake in ORCL by selling 1,415 shares or 4.73% in the most recent quarter. The Hedge Fund company now holds 28,472 shares of ORCL which is valued at $1,158,810. Oracle Corporation makes up approx 0.31% of Advisory Services Network’s portfolio.Oakbrook Investments boosted its stake in ORCL in the latest quarter, The investment management firm added 6,100 additional shares and now holds a total of 67,005 shares of Oracle Corporation which is valued at $2,748,545. Oracle Corporation makes up approx 0.18% of Oakbrook Investments’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 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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