Harbour Capital Advisors LLC Has $3.51 Million Stake in Oracle Co. (NYSE:ORCL)

Harbour Capital Advisors LLC decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,701 shares of the enterprise software provider’s stock after selling 994 shares during the period. Harbour Capital Advisors LLC’s holdings in Oracle were worth $3,512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Westend Capital Management LLC acquired a new stake in shares of Oracle in the 1st quarter worth about $25,000. Fairway Wealth LLC bought a new position in shares of Oracle in the second quarter valued at approximately $27,000. POM Investment Strategies LLC bought a new position in Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the second quarter valued at $35,000. Finally, Alaska Permanent Fund Corp bought a new stake in shares of Oracle during the 1st quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on ORCL shares. Sanford C. Bernstein increased their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. DA Davidson lifted their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Barclays upped their price target on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, JMP Securities upgraded Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective on the stock in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.42.

Oracle Price Performance

Shares of ORCL stock opened at $175.63 on Friday. The company’s 50-day simple moving average is $155.43 and its two-hundred day simple moving average is $138.15. 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 Co. has a one year low of $99.26 and a one year high of $178.61. The company has a market capitalization of $484.01 billion, a P/E ratio of 47.34, a P/E/G ratio of 3.29 and a beta of 1.01.

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, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during 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%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s dividend payout ratio is presently 43.13%.

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.