Flagship Harbor Advisors LLC Increases Holdings in Oracle Corporation (NYSE:ORCL)

Flagship Harbor Advisors LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,097 shares of the enterprise software provider’s stock after buying an additional 575 shares during the period. Flagship Harbor Advisors LLC’s holdings in Oracle were worth $1,691,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC purchased a new position in Oracle in the 4th quarter worth $33,000. Inlight Wealth Management LLC purchased a new position in Oracle in the 1st quarter worth $28,000. Synergy Investment Management LLC purchased a new position in Oracle in the 4th quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the fourth quarter worth about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of ORCL opened at $207.08 on Tuesday. The stock has a market cap of $581.65 billion, a PE ratio of 47.71, a price-to-earnings-growth ratio of 3.08 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The firm’s 50-day simple moving average is $161.85 and its two-hundred day simple moving average is $161.26.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.63 earnings per share. Analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Cowen reaffirmed a “buy” rating on shares of Oracle in a research note on Thursday, June 12th. Guggenheim lifted their price target on Oracle from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 18th. Oppenheimer reaffirmed an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Bank of America lifted their target price on shares of Oracle from $156.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $196.74.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is owned by insiders.

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.