New York State Common Retirement Fund Cut Oracle Corporation (ORCL) Position as Stock Price Declined

July 13, 2018 - By Elizabeth Jones

Oracle Corporation (NYSE:ORCL) LogoInvestors sentiment decreased to 0.87 in Q1 2018. Its down 0.28, from 1.15 in 2017Q4. It fall, as 83 investors sold ORCL shares while 569 reduced holdings. 118 funds opened positions while 449 raised stakes. 2.24 billion shares or 1.97% less from 2.29 billion shares in 2017Q4 were reported. Exane Derivatives invested in 11,441 shares or 0% of the stock. The Germany-based Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.45% in Oracle Corporation (NYSE:ORCL). Ntv Asset Management Lc has 5,030 shares for 0.07% of their portfolio. Baker Ellis Asset Mngmt Ltd Com reported 7,262 shares. Dowling Yahnke Ltd Limited Liability Company stated it has 0.63% of its portfolio in Oracle Corporation (NYSE:ORCL). 154,837 are owned by Guardian Limited Partnership. Bkd Wealth Advisors Limited Liability Corporation reported 0.08% of its portfolio in Oracle Corporation (NYSE:ORCL). Johnson Counsel reported 1.18M shares. Cordasco Ntwk reported 400 shares. Davidson Inv invested 0.05% in Oracle Corporation (NYSE:ORCL). Wms Ltd Liability Corp has 136,799 shares. Cornercap Invest Counsel reported 0.7% of its portfolio in Oracle Corporation (NYSE:ORCL). Kayne Anderson Rudnick Investment Management owns 0.08% invested in Oracle Corporation (NYSE:ORCL) for 232,376 shares. Umb National Bank N A Mo holds 0.54% or 366,334 shares. Legal General Gru Public Ltd Co accumulated 13.43M shares.

New York State Common Retirement Fund decreased its stake in Oracle Corporation (ORCL) by 1.23% based on its latest 2018Q1 regulatory filing with the SEC. New York State Common Retirement Fund sold 135,500 shares as the company’s stock declined 8.15% with the market. The institutional investor held 10.89 million shares of the prepackaged software company at the end of 2018Q1, valued at $498.03M, down from 11.02M at the end of the previous reported quarter. New York State Common Retirement Fund who had been investing in Oracle Corporation for a number of months, seems to be less bullish one the $193.60B market cap company. The stock increased 1.00% or $0.48 during the last trading session, reaching $48.63. About 25.75 million shares traded or 53.90% up from the average. Oracle Corporation (NYSE:ORCL) has risen 3.98% since July 13, 2017 and is uptrending. It has underperformed by 8.59% the S&P500.

New York State Common Retirement Fund, which manages about $80.46 billion US Long portfolio, upped its stake in Consolidated Edison Inc (NYSE:ED) by 49,200 shares to 859,500 shares, valued at $66.99M in 2018Q1, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 42,734 shares in the quarter, for a total of 5.82M shares, and has risen its stake in Sm Energy Company (NYSE:SM).

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on September, 13. They expect $0.61 earnings per share, up 10.91 % or $0.06 from last year’s $0.55 per share. ORCL’s profit will be $2.43 billion for 19.93 P/E if the $0.61 EPS becomes a reality. After $0.91 actual earnings per share reported by Oracle Corporation for the previous quarter, Wall Street now forecasts -32.97 % negative EPS growth.

Another recent and important Oracle Corporation (NYSE:ORCL) news was published by Seekingalpha.com which published an article titled: “Oracle: The Street Proves To Be Short-Sighted” on June 20, 2018.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 22 analysts covering Oracle (NYSE:ORCL), 10 have Buy rating, 0 Sell and 12 Hold. Therefore 45% are positive. Oracle had 25 analyst reports since January 24, 2018 according to SRatingsIntel. The stock of Oracle Corporation (NYSE:ORCL) has “Buy” rating given on Wednesday, June 20 by Bernstein. J.P. Morgan downgraded Oracle Corporation (NYSE:ORCL) rating on Thursday, June 14. J.P. Morgan has “Hold” rating and $5300 target. The firm earned “Sector Weight” rating on Tuesday, March 20 by KeyBanc Capital Markets. The rating was downgraded by Bank of America to “Neutral” on Tuesday, March 20. The company was downgraded on Tuesday, March 20 by Stifel Nicolaus. As per Wednesday, June 20, the company rating was maintained by UBS. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, March 20 report. The company was downgraded on Wednesday, June 20 by Rosenblatt. The stock of Oracle Corporation (NYSE:ORCL) has “Hold” rating given on Wednesday, June 20 by Stifel Nicolaus. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, March 20.

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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