Edge Wealth Management Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Edge Wealth Management reduced its stake in Oracle Corporation by 10.7% during the most recent quarter end. The investment management company now holds a total of 11,687 shares of Oracle Corporation which is valued at $444,457 after selling 1,400 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Oracle Corporation makes up approximately 0.19% of Edge Wealth Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in ORCL by selling 25,867 shares or 30.26% in the most recent quarter. The Hedge Fund company now holds 59,621 shares of ORCL which is valued at $2,267,387. Oracle Corporation makes up approx 0.08% of Msi Financial Services Inc’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in ORCL by selling 247,050 shares or 43.05% in the most recent quarter. The Hedge Fund company now holds 326,870 shares of ORCL which is valued at $12,623,719. Oracle Corporation makes up approx 0.27% of Oregon Public Employees Retirement Fund’s portfolio.First Mercantile Trust Co reduced its stake in ORCL by selling 16,092 shares or 11.67% in the most recent quarter. The Hedge Fund company now holds 121,745 shares of ORCL which is valued at $4,712,749. Oracle Corporation makes up approx 0.63% of First Mercantile Trust Co’s portfolio.Lvm Capital Management Ltdmi boosted its stake in ORCL in the latest quarter, The investment management firm added 625 additional shares and now holds a total of 8,675 shares of Oracle Corporation which is valued at $339,626. Oracle Corporation makes up approx 0.11% of Lvm Capital Management Ltdmi’s portfolio.

Oracle Corporation closed down -0.61 points or -1.58% at $38.01 with 1,49,64,003 shares getting traded on Tuesday. Post opening the session at $38.56, the shares hit an intraday low of $37.81 and an intraday high of $38.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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