Catawba Capital Management Va Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Catawba Capital Management Va reduced its stake in Oracle Corporation by 3.42% during the most recent quarter end. The investment management company now holds a total of 103,666 shares of Oracle Corporation which is valued at $4,012,911 after selling 3,675 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Oracle Corporation makes up approximately 0.96% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , 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.Private Asset Management Inc reduced its stake in ORCL by selling 840 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 194,735 shares of ORCL which is valued at $7,623,875. Oracle Corporation makes up approx 1.29% of Private Asset Management Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ORCL by selling 203,898 shares or 34.04% in the most recent quarter. The Hedge Fund company now holds 395,109 shares of ORCL which is valued at $15,468,517. Oracle Corporation makes up approx 0.06% of Bnp Paribas Arbitrage Sa’s portfolio.Burns J W Co Incny reduced its stake in ORCL by selling 1,258 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 67,193 shares of ORCL which is valued at $2,630,606. Oracle Corporation makes up approx 0.81% of Burns J W Co Incny’s portfolio.Telemus Capital reduced its stake in ORCL by selling 101 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 30,491 shares of ORCL which is valued at $1,193,723. Oracle Corporation makes up approx 0.13% of Telemus Capital’s portfolio.

Oracle Corporation closed down -0.01 points or -0.03% at $38.71 with 1,14,42,032 shares getting traded on Friday. Post opening the session at $38.84, the shares hit an intraday low of $38.61 and an intraday high of $39 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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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