Shelter Ins Retirement Plan cut its holdings in shares of Oracle Corporation (NYSE:ORCL) by 20.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,200 shares of the enterprise software provider’s stock after selling 48,800 shares during the period. Oracle Corporation accounts for 4.6% of Shelter Ins Retirement Plan’s portfolio, making the stock its 2nd biggest position. Shelter Ins Retirement Plan’s holdings in Oracle Corporation were worth $9,787,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital Analysts LLC increased its stake in shares of Oracle Corporation by 1,184.8% during the second quarter. Capital Analysts LLC now owns 70,368 shares of the enterprise software provider’s stock valued at $3,528,000 after buying an additional 64,891 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of Oracle Corporation during the second quarter valued at approximately $2,495,000. Brighton Jones LLC purchased a new position in shares of Oracle Corporation during the second quarter valued at approximately $1,508,000. Biegel & Waller LLC increased its stake in shares of Oracle Corporation by 35.6% during the second quarter. Biegel & Waller LLC now owns 7,613 shares of the enterprise software provider’s stock valued at $382,000 after buying an additional 2,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Oracle Corporation by 3.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 223,392 shares of the enterprise software provider’s stock valued at $11,201,000 after buying an additional 7,563 shares during the period. 58.05% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities analysts have recently issued reports on ORCL shares. Credit Suisse Group started coverage on Oracle Corporation in a research note on Tuesday, September 5th. They set an “outperform” rating and a $62.00 target price on the stock. Vetr cut Oracle Corporation from a “buy” rating to a “hold” rating and set a $46.58 target price on the stock. in a research note on Sunday, September 3rd. Zacks Investment Research cut Oracle Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. ValuEngine raised Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $52.00 target price on shares of Oracle Corporation in a research note on Tuesday, July 25th. Eleven investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.95.
Oracle Corporation (ORCL) opened at $48.82 on Thursday. Oracle Corporation has a one year low of $37.64 and a one year high of $53.14. The company has a market capitalization of $205,335.50, a P/E ratio of 19.29, a P/E/G ratio of 1.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.61 and a current ratio of 3.63.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. equities analysts anticipate that Oracle Corporation will post 2.68 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Wednesday, October 11th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, October 10th. Oracle Corporation’s payout ratio is presently 33.19%.
In related news, EVP Dorian Daley sold 23,297 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $49.00, for a total transaction of $1,141,553.00. Following the completion of the transaction, the executive vice president now directly owns 54,274 shares of the company’s stock, valued at $2,659,426. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $50.35, for a total value of $188,812.50. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $912,593.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 302,026 shares of company stock valued at $14,638,887. 29.00% of the stock is owned by corporate insiders.
Oracle Corporation Company Profile
Oracle Corporation (Oracle) provides products and services 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. Its cloud and on-premise software business consists of three segments, 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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