Shell Asset Management Co. Has $32.98 Million Holdings in Oracle Co. (ORCL)

Shell Asset Management Co. cut its stake in shares of Oracle Co. (NYSE:ORCL) by 2.5% in the 3rd quarter, Holdings Channel reports. The fund owned 639,642 shares of the enterprise software provider’s stock after selling 16,488 shares during the quarter. Oracle accounts for approximately 0.7% of Shell Asset Management Co.’s portfolio, making the stock its 29th biggest position. Shell Asset Management Co.’s holdings in Oracle were worth $32,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Oracle by 21.4% during the 2nd quarter. FMR LLC now owns 47,683,832 shares of the enterprise software provider’s stock worth $2,100,949,000 after buying an additional 8,401,411 shares in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in shares of Oracle during the 2nd quarter worth approximately $218,896,000. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Oracle by 787.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,944,051 shares of the enterprise software provider’s stock worth $85,654,000 after buying an additional 1,725,077 shares in the last quarter. Putnam Investments LLC raised its stake in shares of Oracle by 202.1% during the 2nd quarter. Putnam Investments LLC now owns 2,136,058 shares of the enterprise software provider’s stock worth $94,115,000 after buying an additional 1,428,924 shares in the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Oracle during the 2nd quarter worth approximately $54,770,000. 50.95% of the stock is owned by hedge funds and other institutional investors.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $49.42, for a total transaction of $185,325.00. Following the transaction, the director now owns 27,969 shares of the company’s stock, valued at approximately $1,382,227.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dorian Daley sold 131,696 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $50.93, for a total value of $6,707,277.28. Following the transaction, the executive vice president now directly owns 109,615 shares in the company, valued at approximately $5,582,691.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,946 shares of company stock worth $7,257,365. 32.00% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a research note on Wednesday. MED cut their target price on Oracle from $56.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, October 10th. They noted that the move was a valuation call. Credit Suisse Group reissued a “buy” rating and set a $60.00 target price on shares of Oracle in a research note on Wednesday, October 24th. UBS Group increased their target price on Oracle from $48.00 to $51.00 and gave the stock a “positive” rating in a research note on Thursday, August 9th. Finally, Needham & Company LLC assumed coverage on Oracle in a research note on Monday, October 22nd. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $53.71.

ORCL opened at $47.86 on Friday. The company has a market capitalization of $199.49 billion, a P/E ratio of 16.97, a PEG ratio of 1.62 and a beta of 1.12. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.43 and a current ratio of 3.43. Oracle Co. has a 1-year low of $42.57 and a 1-year high of $53.48.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 17th. The enterprise software provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.26 billion. Oracle had a return on equity of 25.60% and a net margin of 9.74%. Oracle’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. As a group, equities research analysts forecast that Oracle Co. will post 3.06 earnings per share for the current fiscal year.

Oracle declared that its Board of Directors has authorized a share repurchase program on Monday, September 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the enterprise software provider to buy up to 5.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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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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