Morris Capital Advisors buys $4,291,768 stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Morris Capital Advisors scooped up 4,919 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 104,448 shares of Oracle Corporation which is valued at $4,291,768.Oracle Corporation makes up approximately 2.85% of Morris Capital Advisors’s portfolio.

Other Hedge Funds, Including , Bridgeway Capital Management Inc reduced its stake in ORCL by selling 64,930 shares or 14.93% in the most recent quarter. The Hedge Fund company now holds 369,873 shares of ORCL which is valued at $15,198,082. Oracle Corporation makes up approx 0.23% of Bridgeway Capital Management Inc’s portfolio.Cleararc Capital Inc reduced its stake in ORCL by selling 1,239 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 75,591 shares of ORCL which is valued at $3,106,034. Oracle Corporation makes up approx 0.58% of Cleararc Capital Inc’s portfolio.Everence Capital Management Inc boosted its stake in ORCL in the latest quarter, The investment management firm added 4,600 additional shares and now holds a total of 65,868 shares of Oracle Corporation which is valued at $2,681,486. Oracle Corporation makes up approx 0.80% of Everence Capital Management Inc’s portfolio.

Oracle Corporation (ORCL) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $41.14 and reached the intraday high at $41.31. The bulls started the profit booking and pushed the shares to intraday low of $40.95. The trading session was marked by a volume range of 10,415,336 shares exchanging hands. The 52-week high of the shares is $42 and the 52-week low is $33.13. The market cap of the company stands at $170,063 M and there are 4,122,730,000 shares in public circulation.

On the company’s financial health, Oracle Corporation reported $0.81 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 16, 2016. Analyst had a consensus of $0.82. The company had revenue of $10596.00 million for the quarter, compared to analysts expectations of $10458.54 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Oracle Corporation. Rosenblatt Initiated Oracle Corporation on Aug 8, 2016 to “Buy”, Price Target of the shares are set at $48.Company shares were Upgraded by BMO Capital Markets on Jul 12, 2016 to ” Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .Oracle Corporation was Upgraded by JP Morgan to ” Neutral” on Jun 29, 2016.

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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