Btim Corp. buys $52,589,858 stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Btim Corp. scooped up 41,263 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 1,369,171 shares of Oracle Corporation which is valued at $52,589,858.Oracle Corporation makes up approximately 0.89% of Btim Corp.’s portfolio.

Other Hedge Funds, Including , Crestpoint Capital Management reduced its stake in ORCL by selling 37,500 shares or 85.03% in the most recent quarter. The Hedge Fund company now holds 6,600 shares of ORCL which is valued at $253,506. Oracle Corporation makes up approx 0.13% of Crestpoint Capital Management’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in ORCL by selling 4,985 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 129,953 shares of ORCL which is valued at $4,939,514. Oracle Corporation makes up approx 0.96% of Osborn Rohs Williams Donohoe Ltd’s portfolio. Simplex Trading added ORCL to its portfolio by purchasing 17,761 company shares during the most recent quarter which is valued at $687,528. Oracle Corporation makes up approx 0.09% of Simplex Trading’s portfolio.First American Trust Fsb reduced its stake in ORCL by selling 26,236 shares or 27.67% in the most recent quarter. The Hedge Fund company now holds 68,582 shares of ORCL which is valued at $2,684,985. Oracle Corporation makes up approx 0.84% of First American Trust Fsb’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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