Reliance Trust Co Of Delaware buys $4,551,739 stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Reliance Trust Co Of Delaware scooped up 1,912 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 118,504 shares of Oracle Corporation which is valued at $4,551,739.Oracle Corporation makes up approximately 0.42% of Reliance Trust Co Of Delaware’s portfolio.

Other Hedge Funds, Including , Gierl Augustine Investment Management Inc boosted its stake in ORCL in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 7,178 shares of Oracle Corporation which is valued at $275,707. Oracle Corporation makes up approx 0.26% of Gierl Augustine Investment Management Inc’s portfolio.One Capital Management reduced its stake in ORCL by selling 571 shares or 7.76% in the most recent quarter. The Hedge Fund company now holds 6,786 shares of ORCL which is valued at $257,936. Oracle Corporation makes up approx 0.09% of One Capital Management’s portfolio.Centre Asset Management reduced its stake in ORCL by selling 550 shares or 5.17% in the most recent quarter. The Hedge Fund company now holds 10,090 shares of ORCL which is valued at $389,676. Oracle Corporation makes up approx 0.07% of Centre Asset Management’s portfolio.Chevy Chase Trust Holdings reduced its stake in ORCL by selling 176,944 shares or 6.4% in the most recent quarter. The Hedge Fund company now holds 2,587,387 shares of ORCL which is valued at $101,296,201. Oracle Corporation makes up approx 0.56% of Chevy Chase Trust Holdings’s portfolio.Franklin Street Advisors Inc Nc reduced its stake in ORCL by selling 365 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 82,599 shares of ORCL which is valued at $3,233,751. Oracle Corporation makes up approx 0.59% of Franklin Street Advisors Inc Nc’s portfolio.

Oracle Corporation opened for trading at $38.26 and hit $38.585 on the upside on Friday, eventually ending the session at $38.41, with a gain of 1.00% or 0.38 points. The heightened volatility saw the trading volume jump to 1,16,01,173 shares. Company has a market cap of $157,695 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 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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