Hefty Wealth Partners buys $1,449,685 stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Hefty Wealth Partners scooped up 36,906 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 37,029 shares of Oracle Corporation which is valued at $1,449,685.Oracle Corporation makes up approximately 1.11% of Hefty Wealth Partners’s portfolio.

Other Hedge Funds, Including , Telemus Capital reduced its stake in ORCL by selling 101 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 30,491 shares of ORCL which is valued at $1,193,723. Oracle Corporation makes up approx 0.13% of Telemus Capital’s portfolio.Eqis Capital Management boosted its stake in ORCL in the latest quarter, The investment management firm added 1,121 additional shares and now holds a total of 44,999 shares of Oracle Corporation which is valued at $1,761,711. Oracle Corporation makes up approx 0.11% of Eqis Capital Management’s portfolio.West Oak Capital boosted its stake in ORCL in the latest quarter, The investment management firm added 790 additional shares and now holds a total of 39,435 shares of Oracle Corporation which is valued at $1,543,880. Oracle Corporation makes up approx 1.07% of West Oak Capital’s portfolio.Cullinan Associates Inc reduced its stake in ORCL by selling 5,100 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 167,900 shares of ORCL which is valued at $6,573,285. Oracle Corporation makes up approx 0.57% of Cullinan Associates Inc’s portfolio.Lvm Capital Management Ltdmi boosted its stake in ORCL in the latest quarter, The investment management firm added 625 additional shares and now holds a total of 8,675 shares of Oracle Corporation which is valued at $339,626. Oracle Corporation makes up approx 0.11% of Lvm Capital Management Ltdmi’s portfolio.

Oracle Corporation closed down -0.12 points or -0.31% at $38.87 with 91,99,333 shares getting traded on Tuesday. Post opening the session at $39.04, the shares hit an intraday low of $38.76 and an intraday high of $39.2 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.

Investors should note that on Sep 15, 2016, Oracle Corporation announced a cash dividend of $0.1500. The company’s management has announced Oct 10, 2016 as the ex-dividend date and fixed the record date on Oct 12, 2016. The payable date has been fixed on Oct 26, 2016.

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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