Destination Wealth Management buys $17,366,190 stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Destination Wealth Management scooped up 4,873 additional shares in Oracle Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 424,290 shares of Oracle Corporation which is valued at $17,366,190.Oracle Corporation makes up approximately 1.40% of Destination Wealth Management’s portfolio.

Other Hedge Funds, Including , Jfs Wealth Advisors boosted its stake in ORCL in the latest quarter, The investment management firm added 4,580 additional shares and now holds a total of 7,194 shares of Oracle Corporation which is valued at $294,450. Oracle Corporation makes up approx 0.08% of Jfs Wealth Advisors’s portfolio.Charter Trust Co reduced its stake in ORCL by selling 1,542 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 68,710 shares of ORCL which is valued at $2,834,288. Oracle Corporation makes up approx 0.32% of Charter Trust Co’s portfolio.Independent Portfolio Consultants boosted its stake in ORCL in the latest quarter, The investment management firm added 330 additional shares and now holds a total of 31,466 shares of Oracle Corporation which is valued at $1,310,244. Oracle Corporation makes up approx 0.40% of Independent Portfolio Consultants’s portfolio.Naples Global Advisors boosted its stake in ORCL in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 29,217 shares of Oracle Corporation which is valued at $1,211,337. Oracle Corporation makes up approx 0.49% of Naples Global Advisors’s portfolio.

Oracle Corporation closed down -0.15 points or -0.36% at $41.04 with 1,32,30,848 shares getting traded on Friday. Post opening the session at $41.32, the shares hit an intraday low of $40.92 and an intraday high of $41.38 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 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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