Busey Trust Co buys $15,035,160 stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Busey Trust Co scooped up 3,701 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 365,908 shares of Oracle Corporation which is valued at $15,035,160.Oracle Corporation makes up approximately 1.87% of Busey Trust Co’s portfolio.

Other Hedge Funds, Including , New York Life Trust Co boosted its stake in ORCL in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 1,519 shares of Oracle Corporation which is valued at $62,416. Oracle Corporation makes up approx 0.29% of New York Life Trust Co’s portfolio.Sound Shore Management Inc Ct reduced its stake in ORCL by selling 358,762 shares or 7.63% in the most recent quarter. The Hedge Fund company now holds 4,342,961 shares of ORCL which is valued at $178,625,986. Oracle Corporation makes up approx 3.09% of Sound Shore Management Inc Ct’s portfolio.Cobiz Investment Management reduced its stake in ORCL by selling 2,431 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 114,569 shares of ORCL which is valued at $4,664,104. Oracle Corporation makes up approx 1.14% of Cobiz Investment Management’s portfolio.Diversified Trust Co reduced its stake in ORCL by selling 10,662 shares or 9.91% in the most recent quarter. The Hedge Fund company now holds 96,961 shares of ORCL which is valued at $3,968,614. Oracle Corporation makes up approx 0.54% of Diversified Trust Co’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 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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