Oracle Corporation (ORCL) : Ancora Inverness reduced its stake in Oracle Corporation by 0.45% during the most recent quarter end. The investment management company now holds a total of 94,090 shares of Oracle Corporation which is valued at $3,830,404 after selling 425 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Oracle Corporation makes up approximately 1.41% of Ancora Inverness’s portfolio.
Other Hedge Funds, Including , Provise Management Group boosted its stake in ORCL in the latest quarter, The investment management firm added 10,640 additional shares and now holds a total of 39,905 shares of Oracle Corporation which is valued at $1,624,533. Oracle Corporation makes up approx 0.29% of Provise Management Group’s portfolio.Klingenstein Fields Co reduced its stake in ORCL by selling 7,330 shares or 37.03% in the most recent quarter. The Hedge Fund company now holds 12,467 shares of ORCL which is valued at $507,532. Oracle Corporation makes up approx 0.02% of Klingenstein Fields Co’s portfolio.Pointe Capital Management boosted its stake in ORCL in the latest quarter, The investment management firm added 228 additional shares and now holds a total of 13,468 shares of Oracle Corporation which is valued at $551,245. Oracle Corporation makes up approx 0.40% of Pointe Capital Management’s portfolio.Naples Global Advisors boosted its stake in ORCL in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 29,217 shares of Oracle Corporation which is valued at $1,211,337. Oracle Corporation makes up approx 0.49% of Naples Global Advisors’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in ORCL in the latest quarter, The investment management firm added 435 additional shares and now holds a total of 82,964 shares of Oracle Corporation which is valued at $3,439,687. Oracle Corporation makes up approx 0.63% of Franklin Street Advisors Inc Nc’s portfolio.
Oracle Corporation opened for trading at $41.18 and hit $41.4 on the upside on Monday, eventually ending the session at $41.16, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 1,14,27,817 shares. Company has a market cap of $169,692 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. 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 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