Holder Move: Nomura Asset Management Company LTD Has Cut Oracle Corp (ORCL) Stake as Stock Declined

Holder Move: Nomura Asset Management Company LTD Has Cut Oracle Corp (ORCL) Stake as Stock Declined

Nomura Asset Management Company Ltd decreased its stake in Oracle Corp (ORCL) by 11.15% based on its latest 2016Q3 regulatory filing with the SEC. Nomura Asset Management Company Ltd sold 133,451 shares as the company’s stock declined 3.87% while stock markets rallied. The institutional investor held 1.06M shares of the prepackaged software company at the end of 2016Q3, valued at $41.78M, down from 1.20M at the end of the previous reported quarter. Nomura Asset Management Company Ltd who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $157.87 billion market cap company. The stock is up 0.49% or $0.19 hitting $38.85, despite the negative news. About 4.10 million shares traded hands. Oracle Corporation (NYSE:ORCL) has declined 1.20% since June 7, 2016 and is downtrending. It has underperformed by 8.62% the S&P500.

Nomura Asset Management Company Ltd, which manages about $32.64 billion and $5.57 billion US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 99,797 shares to 1.38M shares, valued at $155.59 million in 2016Q3, according to the filing. It also increased its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 29,349 shares in the quarter, for a total of 805,036 shares, and has risen its stake in Nike Inc (NYSE:NKE).

Nomura Asset Management Company Ltd is a Japan-based institutional investor with more than $32.64 billion AUM in July, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Nomura Asset Management Company latest Adv, the fund reported to have 100 full and part-time employees. Among which 43 performing investment advisory and research functions. The institutional investor had more than 106 clients.

Insitutional Activity: The institutional sentiment increased to 0.95 in 2016 Q3. Its up 0.15, from 0.8 in 2016Q2. The ratio is positive, as 56 funds sold all ORCL shares owned while 542 reduced positions. 112 funds bought stakes while 456 increased positions. They now own 2.30 billion shares or 1.24% less from 2.33 billion shares in 2016Q2. Mycio Wealth Partners Lc holds 0.03% or 4,776 shares in its portfolio. Brighton Jones Ltd Liability accumulated 53,898 shares or 0% of the stock. Sentinel Asset Management Incorporated has invested 0.44% of its portfolio in Oracle Corporation (NYSE:ORCL). The Massachusetts-based Sirios Capital Management Lp has invested 3.54% in Oracle Corporation (NYSE:ORCL). Psagot Inv House Limited holds 114,960 shares or 0.19% of its portfolio. Cobblestone Capital Lc New York holds 26,647 shares or 0.15% of its portfolio. Argi Investment Svcs Limited Co holds 8,526 shares or 0.03% of its portfolio. Sound Shore Ct has 3.03% invested in the company for 4.33 million shares. Saturna holds 0.86% of its portfolio in Oracle Corporation (NYSE:ORCL) for 670,728 shares. Nbt Commercial Bank N A Ny reported 102,323 shares or 0.7% of all its holdings. Highlander Capital Mgmt Lc has invested 0.05% of its portfolio in Oracle Corporation (NYSE:ORCL). Choate Inv Advsrs holds 0% of its portfolio in Oracle Corporation (NYSE:ORCL) for 43,279 shares. Indiana Trust & Invest Mngmt Company last reported 63,368 shares in the company. Amica Pension Fund Board Of Trustees accumulated 0.79% or 154,911 shares. Park Natl Oh holds 0.1% or 38,393 shares in its portfolio.

More recent Oracle Corporation (NYSE:ORCL) news were published by: Investorplace.com which released: “Value Battle: Microsoft Corporation (MSFT) vs. Oracle Corporation (ORCL)” on January 10, 2017. Also Businessinsider.com published the news titled: “Oracle beats on profits, misses on revenue, stock drops” on December 15, 2016. Investorplace.com‘s news article titled: “Oracle Corporation (ORCL) Stock Goes From Bad to Worse. Short It.” with publication date: December 22, 2016 was also an interesting one.

According to Zacks Investment Research, “Oracle Corporation is one of the world’s leading suppliers of software for information management. The company develops, manufactures, markets and distributes computer software that helps corporations manage and grow their businesses. The company’s software products can be categorized into two broad areas: Systems software and Internet business applications software.”

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Out of 24 analysts covering Oracle (NYSE:ORCL), 14 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 58% are positive. Oracle has been the topic of 41 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Oracle Corporation (NYSE:ORCL) earned “Neutral” rating by Citigroup on Friday, June 17. RBC Capital Markets maintained Oracle Corporation (NYSE:ORCL) rating on Friday, December 16. RBC Capital Markets has “Outperform” rating and $43 price target. The company was upgraded on Wednesday, June 29 by JP Morgan. The company was maintained on Thursday, September 17 by Morgan Stanley. The stock of Oracle Corporation (NYSE:ORCL) has “Sector Weight” rating given on Friday, June 17 by Pacific Crest. Stifel Nicolaus maintained it with “Buy” rating and $45 target price in Friday, September 23 report. The firm has “Neutral” rating by Atlantic Securities given on Tuesday, July 19. The stock of Oracle Corporation (NYSE:ORCL) has “Mkt Perform” rating given on Thursday, December 17 by FBR Capital. The stock has “Buy” rating given by UBS on Thursday, December 17. BMO Capital Markets maintained it with “Outperform” rating and $46 target price in Friday, September 16 report.

ORCL Company Profile

Oracle Corporation (Oracle), incorporated on October 9, 2005, provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. 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. The Company’s hardware business consists of two divisions, including hardware products and hardware support. The Company’s services business includes activities, such as consulting services, enhanced support services and education services, among others.

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