Shelter Mutual Insurance Co cut its position in Oracle Co. (NYSE:ORCL) by 8.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 214,310 shares of the enterprise software provider’s stock after selling 20,570 shares during the quarter. Oracle accounts for 3.5% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 6th largest holding. Shelter Mutual Insurance Co’s holdings in Oracle were worth $12,209,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Oracle in the fourth quarter worth about $1,235,719,000. Assenagon Asset Management S.A. raised its stake in shares of Oracle by 1,540.3% in the first quarter. Assenagon Asset Management S.A. now owns 2,380,038 shares of the enterprise software provider’s stock worth $127,832,000 after acquiring an additional 2,234,942 shares during the last quarter. PGGM Investments raised its stake in shares of Oracle by 1,064.6% in the second quarter. PGGM Investments now owns 2,258,315 shares of the enterprise software provider’s stock worth $128,656,000 after acquiring an additional 2,064,403 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Oracle by 132.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,507,235 shares of the enterprise software provider’s stock worth $199,811,000 after acquiring an additional 1,996,744 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Oracle by 35.5% in the second quarter. First Trust Advisors LP now owns 3,794,527 shares of the enterprise software provider’s stock worth $216,174,000 after acquiring an additional 993,629 shares during the last quarter. Hedge funds and other institutional investors own 54.23% of the company’s stock.

In other Oracle news, Director Michael J. Boskin sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.65, for a total value of $8,497,500.00. Following the completion of the sale, the director now owns 134,796 shares of the company’s stock, valued at $7,636,193.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO W Corey West sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $56.25, for a total transaction of $2,812,500.00. Following the completion of the sale, the chief accounting officer now directly owns 85,348 shares of the company’s stock, valued at approximately $4,800,825. The disclosure for this sale can be found here. Insiders sold 1,352,500 shares of company stock valued at $76,708,925 in the last ninety days. Insiders own 32.00% of the company’s stock.

Shares of ORCL traded up $0.03 on Thursday, reaching $52.35. 5,409,371 shares of the company’s stock were exchanged, compared to its average volume of 10,297,502. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. The stock has a market cap of $177.57 billion, a PE ratio of 16.57, a P/E/G ratio of 1.55 and a beta of 1.15. The stock’s 50 day simple moving average is $57.26. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $60.50.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.18. Oracle had a net margin of 28.06% and a return on equity of 40.95%. The business had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. Oracle’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Oracle Co. will post 3.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.83%. The ex-dividend date was Tuesday, July 16th. Oracle’s payout ratio is presently 30.38%.

ORCL has been the subject of a number of research analyst reports. William Blair reaffirmed a “market perform” rating on shares of Oracle in a research note on Thursday, June 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Oracle in a research note on Tuesday, June 18th. UBS Group reaffirmed a “neutral” rating and issued a $54.00 target price on shares of Oracle in a research note on Friday, June 14th. Wells Fargo & Co boosted their target price on shares of Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, Macquarie downgraded shares of Oracle from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $56.00 to $55.00 in a research note on Tuesday, June 18th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the stock. Oracle presently has an average rating of “Hold” and a consensus price target of $54.76.

Oracle Company Profile

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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