Sawgrass Asset Management Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Sawgrass Asset Management reduced its stake in Oracle Corporation by 1.1% during the most recent quarter end. The investment management company now holds a total of 1,197,215 shares of Oracle Corporation which is valued at $48,738,623 after selling 13,310 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Oracle Corporation makes up approximately 2.22% of Sawgrass Asset Management’s portfolio.

Other Hedge Funds, Including , Mogy Joel R Investment Counsel Inc reduced its stake in ORCL by selling 2,600 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 245,639 shares of ORCL which is valued at $9,999,964. Oracle Corporation makes up approx 1.80% of Mogy Joel R Investment Counsel Inc’s portfolio.Hall Laurie J Trustee boosted its stake in ORCL in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 10,050 shares of Oracle Corporation which is valued at $416,673. Oracle Corporation makes up approx 0.27% of Hall Laurie J Trustee’s portfolio.Alpha Windward reduced its stake in ORCL by selling 242 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 4,960 shares of ORCL which is valued at $202,715. Oracle Corporation makes up approx 0.14% of Alpha Windward’s portfolio.

Oracle Corporation opened for trading at $41.18 and hit $41.4 on the upside on Monday, eventually ending the session at $41.16, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 1,14,27,817 shares. Company has a market cap of $169,692 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. Rosenblatt Initiated Oracle Corporation on Aug 8, 2016 to “Buy”, Price Target of the shares are set at $48.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

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Oracle Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Oracle Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.