Canandaigua National Bank Trust Co buys $4,923,321 stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Canandaigua National Bank Trust Co scooped up 240 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 129,527 shares of Oracle Corporation which is valued at $4,923,321.Oracle Corporation makes up approximately 1.46% of Canandaigua National Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Bristlecone Advisors reduced its stake in ORCL by selling 2,350 shares or 19.6% in the most recent quarter. The Hedge Fund company now holds 9,639 shares of ORCL which is valued at $366,378. Oracle Corporation makes up approx 0.13% of Bristlecone Advisors’s portfolio.Gradient Investments boosted its stake in ORCL in the latest quarter, The investment management firm added 650 additional shares and now holds a total of 1,416 shares of Oracle Corporation which is valued at $54,686. Oracle Corporation makes up approx 0.01% of Gradient Investments’s portfolio.Carroll Financial Associates boosted its stake in ORCL in the latest quarter, The investment management firm added 380 additional shares and now holds a total of 17,217 shares of Oracle Corporation which is valued at $664,921. Oracle Corporation makes up approx 0.10% of Carroll Financial Associates’s portfolio.Macnealy Hoover Investment Management Inc reduced its stake in ORCL by selling 500 shares or 6.31% in the most recent quarter. The Hedge Fund company now holds 7,425 shares of ORCL which is valued at $286,754. Oracle Corporation makes up approx 0.05% of Macnealy Hoover Investment Management Inc’s portfolio.North Star Asset Management Inc boosted its stake in ORCL in the latest quarter, The investment management firm added 1,871 additional shares and now holds a total of 103,588 shares of Oracle Corporation which is valued at $4,055,470. Oracle Corporation makes up approx 0.46% of North Star Asset Management Inc’s portfolio.

Oracle Corporation closed down -0.61 points or -1.58% at $38.01 with 1,49,64,003 shares getting traded on Tuesday. Post opening the session at $38.56, the shares hit an intraday low of $37.81 and an intraday high of $38.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Company shares were Reiterated by RBC Capital Mkts on Sep 30, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .Shares were Reiterated by Stifel on Sep 23, 2016 to “Buy” and Lowered the Price Target to $ 45 from a previous price target of $48 .Shares were Reiterated by RBC Capital Mkts on Sep 16, 2016 to “Outperform” and Lowered the Price Target to $ 42 from a previous price target of $43 .

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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