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.
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.
WARNING: This piece was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.com-unik.info/2018/11/30/shell-asset-management-co-has-32-98-million-holdings-in-oracle-co-orcl.html.
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.
Featured Story: What is a stock split?
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL).
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.