Shellback Capital LP Has $21.04 Million Holdings in Oracle Co. (NYSE:ORCL)

Shellback Capital LP trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 52.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 149,012 shares of the enterprise software provider’s stock after selling 163,000 shares during the period. Oracle accounts for 1.5% of Shellback Capital LP’s investment portfolio, making the stock its 22nd largest holding. Shellback Capital LP’s holdings in Oracle were worth $21,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. raised its holdings in shares of Oracle by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after purchasing an additional 1,514,569 shares during the period. Capital World Investors increased its position in Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after buying an additional 82,551 shares during the last quarter. Legal & General Group Plc raised its stake in Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after buying an additional 296,866 shares during the period. Janus Henderson Group PLC lifted its position in shares of Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares during the last quarter. Finally, Putnam Investments LLC boosted its stake in shares of Oracle by 6.0% during the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock worth $1,300,941,000 after acquiring an additional 697,961 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

ORCL stock opened at $168.11 on Friday. The company has a 50 day simple moving average of $144.36 and a 200 day simple moving average of $133.31. The stock has a market cap of $465.83 billion, a price-to-earnings ratio of 45.31, a P/E/G ratio of 3.05 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 EPS. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Edward Screven sold 426,861 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,573,181 shares of company stock valued at $225,338,245. Insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ORCL shares. Sanford C. Bernstein raised their price target on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. KeyCorp upped their price target on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Stifel Nicolaus raised their price objective on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, Bank of America upped their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.13.

Oracle Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.