Hendershot Investments Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Hendershot Investments reduced its stake in Oracle Corporation by 0.23% during the most recent quarter end. The investment management company now holds a total of 164,678 shares of Oracle Corporation which is valued at $6,489,960 after selling 385 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on May 2, 2016.Oracle Corporation makes up approximately 3.34% of Hendershot Investments’s portfolio.

Oracle Corporation opened for trading at $38.97 and hit $39.425 on the upside on Friday, eventually ending the session at $39.41, with a gain of 0.46% or 0.18 points. The heightened volatility saw the trading volume jump to 75,87,435 shares. Company has a market cap of $163,546 M.

Other Hedge Funds, Including , Agran Libbie reduced its stake in ORCL by selling 765 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 77,910 shares of ORCL which is valued at $3,070,433. Oracle Corporation makes up approx 0.79% of Agran Libbie’s portfolio.Pointe Capital Management boosted its stake in ORCL in the latest quarter, The investment management firm added 1,340 additional shares and now holds a total of 13,240 shares of Oracle Corporation which is valued at $527,746. Oracle Corporation makes up approx 0.40% of Pointe Capital Management’s portfolio.Quadrant Capital Group reduced its stake in ORCL by selling 1,976 shares or 10.21% in the most recent quarter. The Hedge Fund company now holds 17,373 shares of ORCL which is valued at $692,488. Oracle Corporation makes up approx 0.43% of Quadrant Capital Group’s portfolio.Trust Co Of Vermont boosted its stake in ORCL in the latest quarter, The investment management firm added 2,617 additional shares and now holds a total of 41,929 shares of Oracle Corporation which is valued at $1,671,290. Oracle Corporation makes up approx 0.23% of Trust Co Of Vermont’s portfolio.Boston Family Office reduced its stake in ORCL by selling 8,137 shares or 3.19% in the most recent quarter. The Hedge Fund company now holds 246,689 shares of ORCL which is valued at $9,833,024. Oracle Corporation makes up approx 1.30% of Boston Family Office’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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