Van Cleef Asset Managementinc increased its stake in Oracle Corp (NYSE:ORCL) by 1523.41% based on its latest 2016Q2 regulatory filing with the SEC. Van Cleef Asset Managementinc bought 110,295 shares as the company’s stock rose 14.43% with the market. The institutional investor held 117,535 shares of the prepackaged software company at the end of 2016Q2, valued at $4.81M, up from 7,240 at the end of the previous reported quarter. Van Cleef Asset Managementinc who had been investing in Oracle Corp for a number of months, seems to be bullish on the $168.17 billion market cap company. The stock is down 1.33% or $0.54 hitting $40.14, despite the positive news. About 9.15M shares traded hands. Oracle Corporation (NYSE:ORCL) has risen 14.24% since February 8, 2016 and is uptrending. It has underperformed by 2.25% the S&P500.
Van Cleef Asset Managementinc is a Ohio-based institutional investor with more than $323.12 million AUM in September, 2014. Taken from Van Cleef Asset latest Adv, the fund reported to have 6 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had more than 200 clients.
The institutional sentiment is 0.8 in 2016 Q2. Its the same as in 2016Q1. The ratio is flat, as 84 funds sold all ORCL shares owned while 568 reduced positions. only 64 funds bought stakes while 456 increased positions. They now own 2.33 billion shares or 3.19% less from 2.41 billion shares in 2016Q1.
International Value Advisers Llc holds 8.11% of its portfolio in ORCL for 6.69 million shares. Eagle Capital Management Llc owns 45.32 million shares or 7.97% of their US portfolio. Moreover, Veritas Investment Management Llp has 7.91% invested in the company for 1.00 million shares. The California-based Mountain Lake Investment Management Llc has invested 7.03% in the stock. Yacktman Asset Management Lp, a Texas-based fund reported 20.16 million shares.
Out of 22 analysts covering Oracle (NYSE:ORCL), 12 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 55% are positive. Oracle has been the topic of 32 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Atlantic Securities downgraded the stock on July 19 to “Neutral” rating.
Oracle Corporation provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The company has a market cap of $168.17 billion. The Company’s businesses include cloud and on-premise software, hardware and services. It has a 19.37 P/E ratio. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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