Oracle Co. (NYSE:ORCL) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC decreased its stake in Oracle Co. (NYSE:ORCL) by 6.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,928 shares of the enterprise software provider’s stock after selling 1,238 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Oracle were worth $3,225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Central Valley Advisors LLC purchased a new stake in Oracle in the 3rd quarter worth approximately $509,000. Mirador Capital Partners LP increased its holdings in Oracle by 3.2% in the third quarter. Mirador Capital Partners LP now owns 5,610 shares of the enterprise software provider’s stock valued at $956,000 after buying an additional 174 shares in the last quarter. Lwmg LLC acquired a new position in shares of Oracle in the third quarter worth about $215,000. Triton Wealth Management PLLC boosted its stake in shares of Oracle by 2.6% during the 3rd quarter. Triton Wealth Management PLLC now owns 5,169 shares of the enterprise software provider’s stock worth $867,000 after acquiring an additional 129 shares in the last quarter. Finally, MRA Advisory Group acquired a new stake in shares of Oracle during the 3rd quarter valued at about $213,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle 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 transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,573,181 shares of company stock valued at $225,338,245 over the last quarter. Company insiders own 42.80% of the company’s stock.

Oracle Stock Up 2.4 %

Shares of ORCL traded up $4.00 during midday trading on Friday, reaching $170.86. The stock had a trading volume of 6,389,504 shares, compared to its average volume of 8,572,225. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company’s fifty day simple moving average is $147.84 and its two-hundred day simple moving average is $135.16. The company has a market cap of $473.46 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 3.10 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $173.99.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Oracle’s dividend payout ratio is presently 43.13%.

Analyst Ratings Changes

Several analysts have commented on the company. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Morgan Stanley boosted their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Argus raised their price target on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, DA Davidson increased their target price on Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $167.42.

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.