Oracle Corporation (ORCL) : Contour Asset Management added new position in Oracle Corporation during the most recent quarter end. The investment management firm now holds 1,490,706 shares of Oracle Corporation which is valued at $61,253,110 , the company said in a statement filed on Aug 15, 2016 with the SEC.Oracle Corporation makes up approximately 4.97% of Contour Asset Management’s portfolio.
Other Hedge Funds, Including , Edmond De Rothschild Holding S.a. reduced its stake in ORCL by selling 400 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 11,398 shares of ORCL which is valued at $468,344. Oracle Corporation makes up approx 0.01% of Edmond De Rothschild Holding S.a.’s portfolio.Markston International boosted its stake in ORCL in the latest quarter, The investment management firm added 3,414 additional shares and now holds a total of 297,127 shares of Oracle Corporation which is valued at $12,161,408. Oracle Corporation makes up approx 1.10% of Markston International’s portfolio.Jolley Asset Management boosted its stake in ORCL in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 540 shares of Oracle Corporation which is valued at $22,183. Oracle Corporation makes up approx 0.02% of Jolley Asset Management’s portfolio.
Oracle Corporation closed down -0.06 points or -0.15% at $41.16 with 1,06,52,531 shares getting traded on Thursday. Post opening the session at $40.98, the shares hit an intraday low of $40.78 and an intraday high of $41.26 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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