Shelter Mutual Insurance Co reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,310 shares of the enterprise software provider’s stock after selling 20,570 shares during the quarter. Oracle comprises approximately 3.5% of Shelter Mutual Insurance Co’s portfolio, making the stock its 6th largest holding. Shelter Mutual Insurance Co’s holdings in Oracle were worth $12,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Evolution Wealth Advisors LLC boosted its holdings in Oracle by 346.0% during the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock worth $25,000 after buying an additional 346 shares in the last quarter. Investors Research Corp purchased a new stake in Oracle during the 1st quarter worth approximately $30,000. Covenant Multifamily Offices LLC purchased a new stake in Oracle during the 1st quarter worth approximately $35,000. Clarfeld Financial Advisors LLC purchased a new stake in Oracle during the 4th quarter worth approximately $39,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in Oracle during the 2nd quarter worth approximately $40,000. Institutional investors own 54.23% of the company’s stock.
In related news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.92, for a total transaction of $5,692,000.00. Following the completion of the sale, the executive vice president now directly owns 177,919 shares in the company, valued at $10,127,149.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Boskin sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $56.65, for a total transaction of $8,497,500.00. Following the sale, the director now owns 134,796 shares of the company’s stock, valued at $7,636,193.40. The disclosure for this sale can be found here. Insiders have sold 1,352,500 shares of company stock valued at $76,708,925 over the last 90 days. 32.00% of the stock is currently owned by insiders.
NYSE ORCL traded up $0.03 on Thursday, reaching $52.35. The company’s stock had a trading volume of 5,409,371 shares, compared to its average volume of 10,297,502. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $177.57 billion, a PE ratio of 16.57, a PEG ratio of 1.55 and a beta of 1.15. The business has a 50 day moving average price of $57.26.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.18. The company had revenue of $11.14 billion for the quarter, compared to analysts’ expectations of $10.93 billion. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. As a group, sell-side analysts anticipate that Oracle Co. will post 3.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, July 16th. Oracle’s payout ratio is 30.38%.
ORCL has been the topic of several analyst reports. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Wednesday, May 15th. Barclays lifted their price objective on Oracle from $55.00 to $59.00 and gave the stock an “equal weight” rating in a report on Thursday, June 20th. William Blair restated a “market perform” rating on shares of Oracle in a report on Thursday, June 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price objective on shares of Oracle in a report on Tuesday, June 18th. Finally, KeyCorp restated a “hold” rating on shares of Oracle in a report on Thursday, June 20th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $54.76.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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