Pensionfund Sabic Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Pensionfund Sabic reduced its stake in Oracle Corporation by 14.71% during the most recent quarter end. The investment management company now holds a total of 87,000 shares of Oracle Corporation which is valued at $3.5 Million after selling 15,000 shares in Oracle Corporation according to a report filed by the company on Apr 4, 2016 with the SEC.Oracle Corporation makes up approximately 1.07% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group boosted its stake in ORCL in the latest quarter, The investment management firm added 183 additional shares and now holds a total of 14,296 shares of Oracle Corporation which is valued at $588,423. Oracle Corporation makes up approx 0.13% of Beacon Financial Group’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. 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 .Company shares were Reiterated by BMO Capital Markets on Mar 16, 2016 to “Market Perform”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .

Oracle Corporation opened for trading at $40.59 and hit $41.08 on the upside on Monday, eventually ending the session at $40.39, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 1,03,99,576 shares. Company has a market cap of $167,613 M.

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

Leave a Reply

Oracle Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Oracle Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.