Oracle Corporation (ORCL) : Cornerstone Investment Partners reduced its stake in Oracle Corporation by 5.8% during the most recent quarter end. The investment management company now holds a total of 3,556,487 shares of Oracle Corporation which is valued at $144,749,021 after selling 218,811 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Oracle Corporation makes up approximately 4.59% of Cornerstone Investment Partners’s portfolio.
Oracle Corporation closed down -0.29 points or -0.71% at $40.7 with 1,50,03,315 shares getting traded on Friday. Post opening the session at $40.79, the shares hit an intraday low of $40.67 and an intraday high of $41.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Raymond James Trust N.a. boosted its stake in ORCL in the latest quarter, The investment management firm added 5,633 additional shares and now holds a total of 89,552 shares of Oracle Corporation which is valued at $3,644,766. Oracle Corporation makes up approx 0.32% of Raymond James Trust N.a.’s portfolio.Delta Capital Management reduced its stake in ORCL by selling 255 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 80,763 shares of ORCL which is valued at $3,287,054. Oracle Corporation makes up approx 2.26% of Delta Capital Management’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in ORCL in the latest quarter, The investment management firm added 49,568 additional shares and now holds a total of 767,171 shares of Oracle Corporation which is valued at $31,469,354. Oracle Corporation makes up approx 0.71% of Exxonmobil Investment Management Inc Tx’s portfolio.Kistler-tiffany Companies boosted its stake in ORCL in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 6,850 shares of Oracle Corporation which is valued at $276,672. Oracle Corporation makes up approx 0.16% of Kistler-tiffany Companies’s portfolio.Stock Yards Bank Trust Co reduced its stake in ORCL by selling 180 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 23,031 shares of ORCL which is valued at $930,222. Oracle Corporation makes up approx 0.13% of Stock Yards Bank Trust Co’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