Shelter Mutual Insurance Co held its stake in shares of Oracle Corp. (NYSE:ORCL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 285,380 shares of the enterprise software provider’s stock at the end of the second quarter. Oracle Corp. comprises approximately 3.5% of Shelter Mutual Insurance Co’s investment 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 large investors have also recently made changes to their positions in ORCL. Geode Capital Management LLC increased its position in shares of Oracle Corp. by 1.4% in the first quarter. Geode Capital Management LLC now owns 26,203,540 shares of the enterprise software provider’s stock valued at $1,069,861,000 after buying an additional 349,764 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Oracle Corp. by 1.8% in the first quarter. Franklin Resources Inc. now owns 24,814,184 shares of the enterprise software provider’s stock valued at $1,015,154,000 after buying an additional 448,586 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. 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. Finally, 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. 58.22% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Oracle Corp. (NYSE:ORCL)

Oracle Corp. (NYSE:ORCL) traded down 0.31% during mid-day trading on Monday, hitting $38.29. The company had a trading volume of 9,418,950 shares. The firm has a market capitalization of $157.20 billion, a P/E ratio of 18.19 and a beta of 1.23. The company has a 50-day moving average price of $39.63 and a 200 day moving average price of $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 announced its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ 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 business posted $0.53 EPS. Oracle Corp.’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Oracle Corp. will post $2.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 annualized dividend and a yield of 1.57%. Oracle Corp.’s dividend payout ratio (DPR) is 28.57%.

A number of analysts have recently issued reports on the company. DA Davidson set a $52.00 price target on Oracle Corp. and gave the company a “buy” rating in a research report on Tuesday, October 11th. BTIG Research reiterated a “buy” rating and set a $47.00 price target on shares of Oracle Corp. in a research report on Monday, August 22nd. Vetr upgraded Oracle Corp. from a “hold” rating to a “buy” rating and set a $42.94 price target for the company in a research report on Wednesday, August 31st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $41.00 price target on shares of Oracle Corp. in a research report on Thursday, September 15th. Finally, Cowen and Company reiterated an “outperform” rating and set a $46.00 price target on shares of Oracle Corp. in a research report on Monday, September 26th. Four research 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. Oracle Corp. has an average rating of “Hold” and a consensus target price of $46.26.

In other Oracle Corp. news, 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 transaction of $636,334.65. Following the completion of the sale, the executive vice president now owns 25,000 shares of the company’s stock, valued at approximately $990,250. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle Corp. stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $41.12, for a total value of $154,200.00. Following the sale, the director now directly owns 8,281 shares of the company’s stock, valued at approximately $340,514.72. The disclosure for this sale can be found here. Corporate insiders own 29.00% of the company’s stock.

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.

5 Day Chart for NYSE:ORCL

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