Todays Report: The Oracle Corp. (ORCL) is Shelter Ins Retirement Plan’s 2nd Largest Position

The Oracle Corp. (ORCL) is Shelter Ins Retirement Plan’s 2nd Largest Position

Shelter Ins Retirement Plan held its stake in shares of Oracle Corp. (NYSE:ORCL) during the second quarter, Holdings Channel reports. The institutional investor owned 244,000 shares of the enterprise software provider’s stock at the end of the second quarter. Oracle Corp. accounts for about 4.6% of Shelter Ins Retirement Plan’s holdings, making the stock its 2nd largest position. Shelter Ins Retirement Plan’s holdings in Oracle Corp. were worth $9,987,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Oracle Corp. during the second quarter valued at approximately $126,162,000. Loomis Sayles & Co. L P increased its position in shares of Oracle Corp. by 15.0% in the first quarter. Loomis Sayles & Co. L P now owns 22,106,113 shares of the enterprise software provider’s stock valued at $904,361,000 after buying an additional 2,888,674 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Oracle Corp. by 8.4% in the first quarter. TIAA CREF Investment Management LLC now owns 23,110,948 shares of the enterprise software provider’s stock valued at $945,469,000 after buying an additional 1,781,709 shares in the last quarter. American Century Companies Inc. increased its position in shares of Oracle Corp. by 11.9% in the second quarter. American Century Companies Inc. now owns 15,964,443 shares of the enterprise software provider’s stock valued at $653,425,000 after buying an additional 1,699,947 shares in the last quarter. Finally, Scharf Investments LLC increased its position in shares of Oracle Corp. by 31.7% in the first quarter. Scharf Investments LLC now owns 6,618,685 shares of the enterprise software provider’s stock valued at $270,770,000 after buying an additional 1,594,651 shares in the last quarter. 58.22% of the stock is owned by institutional investors.

Shares of Oracle Corp. (NYSE:ORCL) traded down 0.31% during mid-day trading on Monday, reaching $38.29. The company’s stock had a trading volume of 9,418,950 shares. The firm has a market cap of $157.20 billion, a P/E ratio of 18.19 and a beta of 1.23. The firm’s 50-day moving average price is $39.63 and its 200 day moving average price is $40.20. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00.

Oracle Corp. (NYSE:ORCL) last posted its quarterly earnings data on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. The business earned $8.60 billion during the quarter. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. Oracle Corp.’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. On average, analysts expect that Oracle Corp. will post $2.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. Oracle Corp.’s payout ratio is 28.57%.

ORCL has been the subject of several analyst reports. Vetr upgraded Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $45.46 target price for the company in a research note on Monday, September 12th. Barclays PLC restated a “buy” rating on shares of Oracle Corp. in a research note on Monday, September 12th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $47.00 target price on shares of Oracle Corp. in a research note on Sunday, September 25th. Bank of America Corp. reiterated a “buy” rating and set a $48.00 price target on shares of Oracle Corp. in a research report on Thursday, September 22nd. Finally, Zacks Investment Research downgraded Oracle Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.26.

In other Oracle Corp. news, EVP John F. Fowler sold 500,000 shares of Oracle Corp. stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $41.17, for a total transaction of $20,585,000.00. Following the completion of the sale, the executive vice president now owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dorian Daley sold 16,065 shares of Oracle Corp. stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $39.61, for a total value of $636,334.65. Following the sale, the executive vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $990,250. The disclosure for this sale can be found here. 29.00% of the stock is owned by insiders.

About Oracle Corp.

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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