Asset Dedication buys $760,430 stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Asset Dedication scooped up 100 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 14, 2016. The investment management firm now holds a total of 18,262 shares of Oracle Corporation which is valued at $760,430.Oracle Corporation makes up approximately 0.53% of Asset Dedication’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management boosted its stake in ORCL in the latest quarter, The investment management firm added 1,189 additional shares and now holds a total of 43,878 shares of Oracle Corporation which is valued at $1,827,080. Oracle Corporation makes up approx 0.12% of Eqis Capital Management’s portfolio.Warren Averett Asset Management boosted its stake in ORCL in the latest quarter, The investment management firm added 302 additional shares and now holds a total of 42,874 shares of Oracle Corporation which is valued at $1,777,556. Oracle Corporation makes up approx 0.79% of Warren Averett Asset Management’s portfolio.Gulf International Bank (uk) Ltd reduced its stake in ORCL by selling 11,560 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 949,998 shares of ORCL which is valued at $39,386,917. Oracle Corporation makes up approx 0.64% of Gulf International Bank (uk) Ltd’s portfolio. Beacon Capital Management sold out all of its stake in ORCL during the most recent quarter. The investment firm sold 125 shares of ORCL which is valued $5,109.Integrated Investment Consultants reduced its stake in ORCL by selling 144 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 19,040 shares of ORCL which is valued at $769,216. Oracle Corporation makes up approx 0.40% of Integrated Investment Consultants’s portfolio.

Oracle Corporation closed down -0.13 points or -0.31% at $41.64 with 87,38,905 shares getting traded on Monday. Post opening the session at $41.71, the shares hit an intraday low of $41.58 and an intraday high of $41.835 and the price fluctuated in this range throughout the day.Shares ended Monday 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 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. Northland Capital Initiated Oracle Corporation on Apr 20, 2016 to “Outperform”, Price Target of the shares are set at $50.

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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