Oracle Corporation (ORCL) : Veritas Investment Management Llp scooped up 9,530 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 1,007,745 shares of Oracle Corporation which is valued at $39,715,230.Oracle Corporation makes up approximately 7.84% of Veritas Investment Management Llp’s portfolio.
Other Hedge Funds, Including , Harfst Associates sold out all of its stake in ORCL during the most recent quarter. The investment firm sold 41,863 shares of ORCL which is valued $1,649,821.Tiemann Investment Advisors reduced its stake in ORCL by selling 1,425 shares or 2.72% in the most recent quarter. The Hedge Fund company now holds 50,978 shares of ORCL which is valued at $2,009,043. Oracle Corporation makes up approx 2.00% of Tiemann Investment Advisors’s portfolio.Sumitomo Life Insurance Co reduced its stake in ORCL by selling 4,559 shares or 2.61% in the most recent quarter. The Hedge Fund company now holds 169,890 shares of ORCL which is valued at $6,771,815. Oracle Corporation makes up approx 0.88% of Sumitomo Life Insurance Co’s portfolio.St Germain D J Co Inc reduced its stake in ORCL by selling 3,461 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 294,028 shares of ORCL which is valued at $11,966,940. Oracle Corporation makes up approx 1.68% of St Germain D J Co Inc’s portfolio.Northwest Investment Counselors boosted its stake in ORCL in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 71,683 shares of Oracle Corporation which is valued at $2,917,498. Oracle Corporation makes up approx 1.63% of Northwest Investment Counselors’s portfolio.
Oracle Corporation opened for trading at $39.58 and hit $40.06 on the upside on Tuesday, eventually ending the session at $40.02, with a gain of 1.68% or 0.66 points. The heightened volatility saw the trading volume jump to 92,90,151 shares. Company has a market cap of $166,078 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 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