United Services Automobile Association buys $246.5 Million stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : United Services Automobile Association scooped up 264,963 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 6,224,336 shares of Oracle Corporation which is valued at $246.5 Million.Oracle Corporation makes up approximately 0.90% of United Services Automobile Association’s portfolio.

Other Hedge Funds, Including , Salient Capital Advisors boosted its stake in ORCL in the latest quarter, The investment management firm added 6,581 additional shares and now holds a total of 23,182 shares of Oracle Corporation which is valued at $918,239. Oracle Corporation makes up approx 0.02% of Salient Capital Advisors’s portfolio. Picton Mahoney Asset Management added ORCL to its portfolio by purchasing 177,600 company shares during the most recent quarter which is valued at $7 Million. Oracle Corporation makes up approx 0.48% of Picton Mahoney Asset Management’s portfolio.Chickasaw Capital Management reduced its stake in ORCL by selling 19,215 shares or 30.0% in the most recent quarter. The Hedge Fund company now holds 44,838 shares of ORCL which is valued at $1.8 Million. Oracle Corporation makes up approx 0.05% of Chickasaw Capital Management’s portfolio.Pillar Pacific Capital Management boosted its stake in ORCL in the latest quarter, The investment management firm added 2,643 additional shares and now holds a total of 168,390 shares of Oracle Corporation which is valued at $6.6 Million. Oracle Corporation makes up approx 1.15% of Pillar Pacific Capital Management’s portfolio.Bank Of The West reduced its stake in ORCL by selling 308 shares or 1.78% in the most recent quarter. The Hedge Fund company now holds 16,964 shares of ORCL which is valued at $668,551. Oracle Corporation makes up approx 0.09% of Bank Of The West’s portfolio.

Oracle Corporation opened for trading at $39.08 and hit $39.58 on the upside on Friday, eventually ending the session at $39.41, with a gain of 1.47% or 0.57 points. The heightened volatility saw the trading volume jump to 1,61,53,202 shares. Company has a market cap of $163,546 M.

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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