Indiana Trust Investment Management Co Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Indiana Trust Investment Management Co reduced its stake in Oracle Corporation by 0.03% during the most recent quarter end. The investment management company now holds a total of 63,368 shares of Oracle Corporation which is valued at $2,480,857 after selling 19 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Oracle Corporation makes up approximately 1.30% of Indiana Trust Investment Management Co’s portfolio.

Other Hedge Funds, Including , Stillwater Investment Management boosted its stake in ORCL in the latest quarter, The investment management firm added 227 additional shares and now holds a total of 26,163 shares of Oracle Corporation which is valued at $1,024,281. Oracle Corporation makes up approx 0.56% of Stillwater Investment Management’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.Washington Trust Bank boosted its stake in ORCL in the latest quarter, The investment management firm added 2,881 additional shares and now holds a total of 83,917 shares of Oracle Corporation which is valued at $3,285,351. Oracle Corporation makes up approx 0.79% of Washington Trust Bank’s portfolio.Beacon Financial Group boosted its stake in ORCL in the latest quarter, The investment management firm added 2,604 additional shares and now holds a total of 42,741 shares of Oracle Corporation which is valued at $1,673,310. Oracle Corporation makes up approx 0.35% of Beacon Financial Group’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.

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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