Gillespie Robinson & Grimm Stake in Oracle (ORCL) Has Boosted by $386,750 as Market Valuation Rose; Parsec Financial Management Increased Visa (V) Holding by $578,832

November 15, 2017 - By Nellie Frank

Parsec Financial Management Inc increased its stake in Visa (V) by 5.93% based on its latest 2017Q2 regulatory filing with the SEC. Parsec Financial Management Inc bought 6,224 shares as the company’s stock rose 5.74% with the market. The institutional investor held 111,216 shares of the business services company at the end of 2017Q2, valued at $10.43M, up from 104,992 at the end of the previous reported quarter. Parsec Financial Management Inc who had been investing in Visa for a number of months, seems to be bullish on the $256.07B market cap company. The stock increased 0.50% or $0.56 during the last trading session, reaching $111.98. About 360 shares traded. Visa Inc (NYSE:V) has risen 20.29% since November 15, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.

Gillespie Robinson & Grimm Inc increased its stake in Oracle Corporation (ORCL) by 1.39% based on its latest 2017Q2 regulatory filing with the SEC. Gillespie Robinson & Grimm Inc bought 7,735 shares as the company’s stock rose 5.35% with the market. The institutional investor held 564,690 shares of the prepackaged software company at the end of 2017Q2, valued at $28.31M, up from 556,955 at the end of the previous reported quarter. Gillespie Robinson & Grimm Inc who had been investing in Oracle Corporation for a number of months, seems to be bullish on the $205.34B market cap company. The stock decreased 0.44% or $0.22 during the last trading session, reaching $49.2. About 2,000 shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since November 15, 2016 and is uptrending. It has underperformed by 2.62% the S&P500.




Gillespie Robinson & Grimm Inc, which manages about $954.83M and $736.10M US Long portfolio, decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 4,940 shares to 248,370 shares, valued at $20.05 million in 2017Q2, according to the filing. It also reduced its holding in Alphabet Inc Class C by 1,122 shares in the quarter, leaving it with 23,742 shares, and cut its stake in Apple Inc. (NASDAQ:AAPL).

More important recent Oracle Corporation (NYSE:ORCL) news were published by: Medgadget.com which released: “Global Clinical Trial Management System Market 2017 – Mednet Solutions, Oracle …” on November 15, 2017, also Seekingalpha.com published article titled: “Why You Should Buy Oracle Sooner Rather Than Later”, Benzinga.com published: “Vetr Upgrades Oracles” on November 13, 2017. More interesting news about Oracle Corporation (NYSE:ORCL) was released by: Nasdaq.com and their article: “Is Oracle Corporation (ORCL) a Great Stock for Value Investors?” with publication date: November 13, 2017.

Among 38 analysts covering Oracle (NYSE:ORCL), 28 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Oracle had 97 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Friday, September 16 by BMO Capital Markets. The firm earned “Overweight” rating on Friday, September 15 by Barclays Capital. The stock has “Buy” rating by Canaccord Genuity on Thursday, August 24. RBC Capital Markets maintained the shares of ORCL in report on Friday, September 30 with “Outperform” rating. On Thursday, July 30 the stock rating was upgraded by Jefferies to “Buy”. The rating was maintained by UBS on Thursday, June 22 with “Buy”. The firm earned “Buy” rating on Wednesday, September 16 by SunTrust. The stock has “Hold” rating by Deutsche Bank on Friday, June 17. The stock of Oracle Corporation (NYSE:ORCL) earned “Neutral” rating by Wedbush on Friday, December 16. The stock of Oracle Corporation (NYSE:ORCL) earned “Mkt Perform” rating by FBR Capital on Thursday, December 17.

Investors sentiment is 0.95 in 2017 Q2. Its the same as in 2017Q1. It is flat, as 49 investors sold ORCL shares while 572 reduced holdings. only 140 funds opened positions while 449 raised stakes. 2.35 billion shares or 0.02% less from 2.35 billion shares in 2017Q1 were reported. Vanguard Group Inc invested in 0.51% or 206.44 million shares. Riggs Asset Managment Co has invested 0.09% in Oracle Corporation (NYSE:ORCL). Salem Investment Counselors Incorporated stated it has 0.08% in Oracle Corporation (NYSE:ORCL). State Of Wisconsin Inv Board holds 0.65% or 4.01M shares in its portfolio. 5,554 were accumulated by White Pine Cap Limited. Lombard Odier Asset Management (Usa) Corporation accumulated 10,000 shares. Lazard Asset Mngmt Lc has invested 0.09% in Oracle Corporation (NYSE:ORCL). Proshare Ltd Com holds 369,083 shares or 0.18% of its portfolio. Mariner Wealth Advisors Lc, a Kansas-based fund reported 22,785 shares. Gofen And Glossberg Ltd Liability Corporation Il reported 0.11% of its portfolio in Oracle Corporation (NYSE:ORCL). Academy Tx invested in 343,412 shares. Waters Parkerson & Limited Liability Co accumulated 543,097 shares or 2.52% of the stock. Lombard Odier Asset Mngmt (Europe) holds 34,668 shares. California-based Wetherby Asset has invested 0.59% in Oracle Corporation (NYSE:ORCL). Weiss Multi invested 0.28% of its portfolio in Oracle Corporation (NYSE:ORCL).

Investors sentiment increased to 1.13 in Q2 2017. Its up 0.09, from 1.04 in 2017Q1. It is positive, as 44 investors sold V shares while 564 reduced holdings. 123 funds opened positions while 564 raised stakes. 1.66 billion shares or 1.28% less from 1.68 billion shares in 2017Q1 were reported. Alpha Windward Limited Liability Com reported 2,545 shares. 927,500 were reported by Virginia Retirement Systems Et Al. The Ohio-based Gratry And Ltd Liability has invested 0.75% in Visa Inc (NYSE:V). Town & Country Bank & Tru Dba First Bankers Tru has 0.84% invested in Visa Inc (NYSE:V). Campbell Newman Asset Mgmt reported 0.14% stake. Cap Int Ca accumulated 119,200 shares or 1.6% of the stock. Insight Capital And Management has invested 1.38% of its portfolio in Visa Inc (NYSE:V). California State Teachers Retirement Systems invested in 3.42 million shares or 0.68% of the stock. Amica Pension Fund Board Of Trustees accumulated 69,922 shares. 7,993 were accumulated by Newman Dignan & Sheerar Inc. Jones Collombin Invest Counsel owns 17,440 shares. S&Co Inc stated it has 0.08% in Visa Inc (NYSE:V). Scopus Asset Mgmt LP reported 1.10M shares. Edmp Incorporated holds 5.71% or 65,819 shares. Snyder Capital Limited Partnership has invested 0.13% in Visa Inc (NYSE:V).

Parsec Financial Management Inc, which manages about $1.56B and $1.26B US Long portfolio, decreased its stake in Procter & Gamble Company (NYSE:PG) by 4,814 shares to 110,922 shares, valued at $9.67 million in 2017Q2, according to the filing. It also reduced its holding in J P Morgan Chase & Co (NYSE:JPM) by 4,594 shares in the quarter, leaving it with 342,102 shares, and cut its stake in Verizon Communications (NYSE:VZ).

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