Cobiz Investment Management Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Cobiz Investment Management reduced its stake in Oracle Corporation by 2.08% during the most recent quarter end. The investment management company now holds a total of 114,569 shares of Oracle Corporation which is valued at $4,664,104 after selling 2,431 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Oracle Corporation makes up approximately 1.14% of Cobiz Investment Management’s portfolio.

Other Hedge Funds, Including , Shelton Capital Management boosted its stake in ORCL in the latest quarter, The investment management firm added 645 additional shares and now holds a total of 99,074 shares of Oracle Corporation which is valued at $4,033,303. Oracle Corporation makes up approx 0.35% of Shelton Capital Management’s portfolio.Markston International boosted its stake in ORCL in the latest quarter, The investment management firm added 3,414 additional shares and now holds a total of 297,127 shares of Oracle Corporation which is valued at $12,161,408. Oracle Corporation makes up approx 1.10% of Markston International’s portfolio.Swedbank boosted its stake in ORCL in the latest quarter, The investment management firm added 158,359 additional shares and now holds a total of 4,722,847 shares of Oracle Corporation which is valued at $194,014,555. Oracle Corporation makes up approx 1.56% of Swedbank’s portfolio.Evanson Asset Management boosted its stake in ORCL in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 7,209 shares of Oracle Corporation which is valued at $297,371. Oracle Corporation makes up approx 0.09% of Evanson Asset Management’s portfolio.

Oracle Corporation opened for trading at $40.61 and hit $40.95 on the upside on Thursday, eventually ending the session at $40.9, with a gain of 0.47% or 0.19 points. The heightened volatility saw the trading volume jump to 91,42,133 shares. Company has a market cap of $168,620 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 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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