Lamond Capital Partners Exits Position in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Lamond Capital Partners has sold out all of its stake in Oracle Corporation during the most recent quarter, according to the disclosure filed by the company on Jul 19, 2016 with the SEC. The investment management company has sold out 500,000 shares of Oracle Corporation which is valued at $20,625,000.

Other Hedge Funds, Including , Catawba Capital Management Va boosted its stake in ORCL in the latest quarter, The investment management firm added 1,240 additional shares and now holds a total of 107,341 shares of Oracle Corporation which is valued at $4,427,816. Oracle Corporation makes up approx 1.05% of Catawba Capital Management Va’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in ORCL by selling 1,442 shares or 19.69% in the most recent quarter. The Hedge Fund company now holds 5,881 shares of ORCL which is valued at $243,826. Oracle Corporation makes up approx 0.01% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ORCL by selling 337,673 shares or 36.05% in the most recent quarter. The Hedge Fund company now holds 599,007 shares of ORCL which is valued at $24,481,416. Oracle Corporation makes up approx 0.11% of Bnp Paribas Arbitrage Sa’s portfolio.

Oracle Corporation opened for trading at $41.48 and hit $41.5 on the upside on Wednesday, eventually ending the session at $41.25, with a gain of 0.41% or 0.17 points. The heightened volatility saw the trading volume jump to 1,14,09,678 shares. Company has a market cap of $170,063 M.

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. 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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