Shelter Ins Retirement Plan Lowers Position in Oracle Corporation (ORCL)

Shelter Ins Retirement Plan trimmed its position in shares of Oracle Corporation (NYSE:ORCL) by 5.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,400 shares of the enterprise software provider’s stock after selling 9,800 shares during the quarter. Oracle accounts for approximately 4.2% of Shelter Ins Retirement Plan’s investment portfolio, making the stock its 2nd biggest position. Shelter Ins Retirement Plan’s holdings in Oracle were worth $8,964,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ORCL. Acrospire Investment Management LLC boosted its stake in shares of Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after buying an additional 1,800 shares during the period. Burt Wealth Advisors boosted its stake in shares of Oracle by 4.3% in the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 88 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Oracle by 65.9% in the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after buying an additional 947 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Oracle in the 2nd quarter valued at about $129,000. Finally, ETF Managers Group LLC purchased a new position in shares of Oracle in the 2nd quarter valued at about $133,000. Institutional investors own 57.89% of the company’s stock.

In other Oracle news, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the transaction, the executive vice president now owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $48.40, for a total value of $181,500.00. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $877,250. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,250 shares of company stock worth $5,306,238. 29.00% of the stock is currently owned by corporate insiders.

Several brokerages have recently issued reports on ORCL. Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price objective on shares of Oracle in a research note on Tuesday, January 2nd. Morgan Stanley upgraded Oracle from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $46.63 to $47.71 in a research note on Wednesday, January 3rd. BTIG Research reissued a “buy” rating and set a $58.00 target price on shares of Oracle in a research report on Tuesday, September 19th. Stifel Nicolaus reissued a “buy” rating and set a $53.00 target price (up previously from $52.00) on shares of Oracle in a research report on Saturday, September 16th. Finally, BidaskClub lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have assigned a buy rating to the company. Oracle currently has a consensus rating of “Buy” and an average price target of $55.28.

Oracle Corporation (NYSE ORCL) opened at $48.95 on Friday. The company has a market capitalization of $204,290.00, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05. Oracle Corporation has a 12-month low of $38.59 and a 12-month high of $53.14. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. equities analysts expect that Oracle Corporation will post 2.68 EPS for the current year.

Oracle declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.55%. The ex-dividend date is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is 32.62%.

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Oracle 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.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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