As Oracle Corp (ORCL) Stock Value Rose, Brown Brothers Harriman & Co Decreased Position by $100.34 Million

October 2, 2018 - By Hugh Holland

Oracle Corporation (NYSE:ORCL) LogoInvestors sentiment decreased to 0.82 in Q2 2018. Its down 0.05, from 0.87 in 2018Q1. It dropped, as 73 investors sold ORCL shares while 564 reduced holdings. 107 funds opened positions while 414 raised stakes. 2.13 billion shares or 5.10% less from 2.24 billion shares in 2018Q1 were reported. Moreover, Carroll Assoc Inc has 0.08% invested in Oracle Corporation (NYSE:ORCL) for 16,638 shares. Perkins Coie Trust invested 1.21% in Oracle Corporation (NYSE:ORCL). Westwood Hldg Group Inc Inc holds 0.68% in Oracle Corporation (NYSE:ORCL) or 1.84 million shares. Moreover, Mawer Inv Limited has 1.01% invested in Oracle Corporation (NYSE:ORCL) for 2.82M shares. Mirae Asset Invests accumulated 228,965 shares. Georgia-based Gw Henssler & Associates has invested 0.8% in Oracle Corporation (NYSE:ORCL). Fiduciary Management Inc Wi owns 7.39 million shares for 2.08% of their portfolio. Hanson Mcclain Inc stated it has 9,864 shares or 0.02% of all its holdings. Woodmont Inv Counsel Limited Liability, a Tennessee-based fund reported 24,276 shares. Cap City Tru Commerce Fl invested in 0.8% or 42,266 shares. Cobblestone Capital Advisors Ltd Ny holds 0.1% in Oracle Corporation (NYSE:ORCL) or 21,853 shares. First Commonwealth Fincl Pa accumulated 27,598 shares. Guyasuta Investment has invested 2.03% in Oracle Corporation (NYSE:ORCL). Menora Mivtachim Hldgs owns 413,920 shares for 0.52% of their portfolio. Loring Wolcott & Coolidge Fiduciary Advsr Llp Ma reported 4,876 shares.

Brown Brothers Harriman & Co decreased its stake in Oracle Corp (ORCL) by 9.35% based on its latest 2018Q2 regulatory filing with the SEC. Brown Brothers Harriman & Co sold 2.28 million shares as the company’s stock rose 2.22% with the market. The institutional investor held 22.12M shares of the prepackaged software company at the end of 2018Q2, valued at $974.68M, down from 24.40M at the end of the previous reported quarter. Brown Brothers Harriman & Co who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $193.19B market cap company. The stock decreased 1.54% or $0.8 during the last trading session, reaching $51. About 8.29 million shares traded. Oracle Corporation (NYSE:ORCL) has declined 6.50% since October 2, 2017 and is downtrending. It has underperformed by 22.12% the S&P500.

Brown Brothers Harriman & Co, which manages about $12.77 billion and $16.30B US Long portfolio, upped its stake in Axalta Coating Systems Ltd by 1.14 million shares to 1.80M shares, valued at $54.42M in 2018Q2, according to the filing. It also increased its holding in Allegion Plc (NYSE:ALLE) by 1.68 million shares in the quarter, for a total of 1.68M shares, and has risen its stake in Artisan Partners Asset Ma (NYSE:APAM).

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle: Earnings Could Be Partly Cloudy” on September 17, 2018, also Seekingalpha.com with their article: “Executive Interview Series: Oracle” published on October 02, 2018, 247Wallst.com published: “Jefferies Cautious on Software Valuations: 4 Top Stocks Rated Buy” on September 25, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “Oracle: Valuation Shows Upside Potential Despite Softer Than Expected Quarter” published on September 22, 2018 as well as Businesswire.com‘s news article titled: “ORCL INVESTORS ALERT: Lieff Cabraser Reminds Investors of Deadline in Class Action Against Oracle Corporation” with publication date: September 24, 2018.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 17 analysts covering Oracle (NYSE:ORCL), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. Oracle had 20 analyst reports since April 11, 2018 according to SRatingsIntel. The company was maintained on Friday, June 29 by Nomura. Nomura maintained Oracle Corporation (NYSE:ORCL) on Tuesday, September 18 with “Buy” rating. The rating was downgraded by JP Morgan to “Neutral” on Thursday, June 14. The company was downgraded on Wednesday, June 20 by Wedbush. Raymond James maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, June 28. Raymond James has “Outperform” rating and $54 target. The stock has “Neutral” rating by UBS on Wednesday, June 20. The rating was downgraded by J.P. Morgan on Thursday, June 14 to “Hold”. The rating was maintained by Nomura on Thursday, June 14 with “Buy”. The stock of Oracle Corporation (NYSE:ORCL) earned “Neutral” rating by Citigroup on Tuesday, September 18. Wells Fargo maintained Oracle Corporation (NYSE:ORCL) on Tuesday, September 18 with “Outperform” rating.

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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