Independent Franchise Partners Llp Has Boosted Oracle Corp (ORCL) Position by $50.29 Million as Stock Price Rose

June 20, 2017 - By Migdalia James

Investors sentiment decreased to 0.79 in Q4 2016. Its down 0.16, from 0.95 in 2016Q3. It fall, as 67 investors sold ORCL shares while 585 reduced holdings. 87 funds opened positions while 431 raised stakes. 2.32 billion shares or 0.62% more from 2.30 billion shares in 2016Q3 were reported. Bb&T Limited Liability holds 0.34% in Oracle Corporation (NYSE:ORCL) or 609,250 shares. Goldman Sachs Gru reported 0.31% stake. 1St Source Bancshares has invested 0.45% in Oracle Corporation (NYSE:ORCL). Td Asset Mgmt Inc has invested 0.52% in Oracle Corporation (NYSE:ORCL). Arga Inv Management Lp stated it has 0.57% in Oracle Corporation (NYSE:ORCL). Virtus Investment Advisers Inc holds 0.27% or 90,937 shares in its portfolio. Arrow Corp owns 57,798 shares. Cornerstone Advsrs Inc has 15,124 shares. 37,071 are held by Banque Pictet And Cie. First Commonwealth Finance Pa reported 1.24% of its portfolio in Oracle Corporation (NYSE:ORCL). Moreover, State Teachers Retirement Systems has 0.55% invested in Oracle Corporation (NYSE:ORCL) for 5.49 million shares. Rathbone Brothers Public Ltd Limited Liability Company has invested 0.02% in Oracle Corporation (NYSE:ORCL). 26,721 were accumulated by Holderness Invests Company. Nationwide Fund Advisors reported 1.46 million shares. Kcg Hldg holds 0.12% or 124,622 shares.

Independent Franchise Partners Llp increased its stake in Oracle Corp (ORCL) by 8.46% based on its latest 2016Q4 regulatory filing with the SEC. Independent Franchise Partners Llp bought 1.32 million shares as the company’s stock rose 5.35% with the market. The institutional investor held 16.97 million shares of the prepackaged software company at the end of 2016Q4, valued at $652.61 million, up from 15.65M at the end of the previous reported quarter. Independent Franchise Partners Llp who had been investing in Oracle Corp for a number of months, seems to be bullish on the $192.34B market cap company. The stock rose 0.79% or $0.36 reaching $46.09 per share. About 7.06M shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since June 20, 2016 and is uptrending. It has underperformed by 2.62% the S&P500.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Thestreet.com which released: “Oracle and 4 More Could Squeeze Bears When They Report” on June 19, 2017, also Investorplace.com with their article: “2 Ways to Trade Oracle Corporation (ORCL) Stock After Earnings” published on June 16, 2017, Investorplace.com published: “Why Oracle Corporation (ORCL) Stock Is Looking as Sharp as Ever” on June 20, 2017. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “Oracle Projects Slower Earnings Pace” published on June 18, 2017 as well as Fool.com‘s news article titled: “Better Buy: International Business Machines Corporation vs. Oracle” with publication date: June 13, 2017.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 27 analysts covering Oracle (NYSE:ORCL), 18 have Buy rating, 0 Sell and 9 Hold. Therefore 67% are positive. Oracle had 50 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, March 16 by JP Morgan. The company was maintained on Thursday, December 17 by RBC Capital Markets. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Canaccord Genuity on Wednesday, March 16. On Friday, September 16 the stock rating was maintained by BMO Capital Markets with “Outperform”. JP Morgan upgraded it to “Neutral” rating and $38 target in Wednesday, June 29 report. The firm earned “Buy” rating on Friday, December 16 by Stifel Nicolaus. The rating was maintained by UBS on Thursday, December 17 with “Buy”. The firm has “Mkt Perform” rating by FBR Capital given on Thursday, December 17. The stock has “Conviction Buy” rating by Goldman Sachs on Monday, November 16. The rating was initiated by Macquarie Research with “Outperform” on Tuesday, April 26.

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