Oracle Corporation (ORCL) : Welch Capital Partnersny reduced its stake in Oracle Corporation by 25.22% during the most recent quarter end. The investment management company now holds a total of 187,399 shares of Oracle Corporation which is valued at $7,735,831 after selling 63,202 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Oracle Corporation makes up approximately 2.64% of Welch Capital Partnersny’s portfolio.
Other Hedge Funds, Including , Aspen Investment Management Inc reduced its stake in ORCL by selling 161 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 7,209 shares of ORCL which is valued at $297,588. Oracle Corporation makes up approx 0.24% of Aspen Investment Management Inc’s portfolio.Oppenheimer Co Inc reduced its stake in ORCL by selling 14,815 shares or 16.83% in the most recent quarter. The Hedge Fund company now holds 73,196 shares of ORCL which is valued at $3,021,531. Oracle Corporation makes up approx 0.09% of Oppenheimer Co Inc’s portfolio. Handelsinvest Investeringsforvaltning sold out all of its stake in ORCL during the most recent quarter. The investment firm sold 23,500 shares of ORCL which is valued $970,080.Schaper Benz Wise Investment Counsel Incwi reduced its stake in ORCL by selling 20 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 241,611 shares of ORCL which is valued at $9,835,984. Oracle Corporation makes up approx 1.73% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.Rockefeller Financial Services Inc reduced its stake in ORCL by selling 23,536 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 3,394,954 shares of ORCL which is valued at $139,464,710. Oracle Corporation makes up approx 2.69% of Rockefeller Financial Services Inc’s portfolio.
Oracle Corporation closed down -0.11 points or -0.27% at $41.21 with 98,76,443 shares getting traded on Wednesday. Post opening the session at $41.38, the shares hit an intraday low of $41.07 and an intraday high of $41.38 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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 Companys 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