Shelter Mutual Insurance Co Has $11,680,000 Position in Oracle Corp. (ORCL)
Shelter Mutual Insurance Co maintained its stake in shares of Oracle Corp. (NYSE:ORCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 285,380 shares of the enterprise software provider’s stock at the end of the second quarter. Oracle Corp. accounts for approximately 3.5% of Shelter Mutual Insurance Co’s portfolio, making the stock its 8th largest position. Shelter Mutual Insurance Co’s holdings in Oracle Corp. were worth $11,680,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the company. Cribstone Capital Management LLC bought a new position in shares of Oracle Corp. during the second quarter valued at about $102,000. FCM Investments TX raised its position in shares of Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock valued at $123,000 after buying an additional 500 shares in the last quarter. Ironwood Financial llc acquired a new position in shares of Oracle Corp. during the first quarter valued at $147,000. Gardner Russo & Gardner LLC acquired a new position in shares of Oracle Corp. during the first quarter valued at $205,000. Finally, Natixis acquired a new position in shares of Oracle Corp. during the first quarter valued at $230,000. 58.22% of the stock is owned by institutional investors.
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 50-day moving average of $39.63 and a 200-day moving average of $40.20. The stock has a market capitalization of $157.20 billion, a price-to-earnings ratio of 18.19 and a beta of 1.23. Oracle Corp. has a 52 week low of $33.13 and a 52 week high of $42.00.
Oracle Corp. (NYSE:ORCL) last announced its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.03. Oracle Corp. had a return on equity of 22.10% and a net margin of 24.16%. The business had revenue of $8.60 billion for the quarter. During the same quarter last year, the firm posted $0.53 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Oracle Corp. will post $2.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, October 7th. Oracle Corp.’s payout ratio is 28.57%.
Several brokerages recently weighed in on ORCL. Zacks Investment Research lowered Oracle Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Vetr upgraded Oracle Corp. from a “buy” rating to a “strong-buy” rating and set a $46.33 price target for the company in a research note on Tuesday, September 6th. DA Davidson restated a “buy” rating and issued a $52.00 price target on shares of Oracle Corp. in a research note on Saturday, September 17th. Cowen and Company began coverage on Oracle Corp. in a research note on Thursday, June 23rd. They issued an “outperform” rating and a $46.00 price target for the company. Finally, Jefferies Group restated a “buy” rating and issued a $51.00 price target on shares of Oracle Corp. in a research note on Tuesday, September 13th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $46.26.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the sale, the director now directly owns 8,281 shares of the company’s stock, valued at $332,564.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the sale, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at $4,925,784.65. The disclosure for this sale can be found here. Insiders own 29.00% of the company’s stock.
Oracle Corp. 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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