Oracle Corporation (NYSE:ORCL) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC lowered its stake in Oracle Corporation (NYSE:ORCL) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,421 shares of the enterprise software provider’s stock after selling 1,280 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Oracle were worth $2,528,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Cookson Peirce & Co. Inc. lifted its holdings in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after acquiring an additional 60 shares during the last quarter. Cape ANN Savings Bank lifted its holdings in Oracle by 1.1% in the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after acquiring an additional 65 shares during the last quarter. Greenwood Gearhart Inc. lifted its holdings in Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock valued at $955,000 after acquiring an additional 66 shares during the last quarter. WorthPointe LLC lifted its holdings in Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock valued at $289,000 after acquiring an additional 67 shares during the last quarter. Finally, CORDA Investment Management LLC. lifted its holdings in Oracle by 0.9% in the 4th quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider’s stock valued at $1,328,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 0.9%

ORCL opened at $207.08 on Tuesday. The business has a 50 day moving average of $161.85 and a 200-day moving average of $161.26. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $581.65 billion, a price-to-earnings ratio of 47.71, a P/E/G ratio of 3.08 and a beta of 1.32. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.60.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.97%. Oracle’s payout ratio is 46.08%.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider now owns 60,722 shares of the company’s stock, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ORCL shares. Barclays reissued an “overweight” rating and issued a $221.00 price target (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Cowen restated a “buy” rating on shares of Oracle in a report on Thursday, June 12th. JPMorgan Chase & Co. boosted their price objective on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. CIBC restated a “buy” rating on shares of Oracle in a report on Monday, June 9th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Oracle in a report on Wednesday, June 18th. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.74.

Oracle Company 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.