Oracle Corporation (ORCL) : Courier Capital Corp reduced its stake in Oracle Corporation by 2.02% during the most recent quarter end. The investment management company now holds a total of 72,599 shares of Oracle Corporation which is valued at $2,955,505 after selling 1,500 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Oracle Corporation makes up approximately 0.58% of Courier Capital Corp’s portfolio.
Other Hedge Funds, Including , Mondrian Investment Partners Ltd reduced its stake in ORCL by selling 487,544 shares or 41.54% in the most recent quarter. The Hedge Fund company now holds 686,200 shares of ORCL which is valued at $27,935,202. Oracle Corporation makes up approx 0.66% of Mondrian Investment Partners Ltd’s portfolio.Flossbach Von Storch Ag reduced its stake in ORCL by selling 523,700 shares or 49.97% in the most recent quarter. The Hedge Fund company now holds 524,305 shares of ORCL which is valued at $21,517,477. Oracle Corporation makes up approx 0.35% of Flossbach Von Storch Ag’s portfolio.Abner Herrman Brock reduced its stake in ORCL by selling 430 shares or 4.97% in the most recent quarter. The Hedge Fund company now holds 8,214 shares of ORCL which is valued at $340,552. Oracle Corporation makes up approx 0.08% of Abner Herrman Brock’s portfolio.
Oracle Corporation opened for trading at $40.61 and hit $40.95 on the upside on Thursday, eventually ending the session at $40.9, with a gain of 0.47% or 0.19 points. The heightened volatility saw the trading volume jump to 91,42,133 shares. Company has a market cap of $168,620 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 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