Harbor Investment Advisory LLC Acquires 2,642 Shares of Oracle Corporation $ORCL

Harbor Investment Advisory LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL) by 14.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,341 shares of the enterprise software provider’s stock after purchasing an additional 2,642 shares during the period. Harbor Investment Advisory LLC’s holdings in Oracle were worth $4,447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Clarkston Capital Partners LLC raised its holdings in shares of Oracle by 1.1% in the 1st quarter. Clarkston Capital Partners LLC now owns 6,290 shares of the enterprise software provider’s stock valued at $879,000 after purchasing an additional 68 shares during the period. Tacita Capital Inc raised its holdings in shares of Oracle by 6.0% in the 1st quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider’s stock valued at $174,000 after purchasing an additional 70 shares during the period. Flynn Zito Capital Management LLC raised its holdings in shares of Oracle by 1.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider’s stock valued at $606,000 after purchasing an additional 71 shares during the period. Tiller Private Wealth Inc. raised its holdings in shares of Oracle by 4.6% in the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $224,000 after purchasing an additional 71 shares during the period. Finally, Cadence Bank raised its holdings in shares of Oracle by 1.0% in the 1st quarter. Cadence Bank now owns 7,440 shares of the enterprise software provider’s stock valued at $1,040,000 after purchasing an additional 71 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other Oracle news, Director Rona Alison Fairhead bought 480 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,183 shares of company stock worth $10,353,198. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of research analyst reports. Roth Capital reaffirmed a “hold” rating on shares of Oracle in a report on Wednesday, June 18th. Citigroup reaffirmed an “outperform” rating on shares of Oracle in a report on Wednesday. DA Davidson upped their target price on shares of Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday. Bank of America upgraded shares of Oracle from a “neutral” rating to a “buy” rating and upped their price target for the company from $295.00 to $368.00 in a research note on Wednesday. Finally, Royal Bank Of Canada upped their price target on shares of Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research note on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $296.84.

Oracle Stock Down 5.1%

Shares of ORCL opened at $292.07 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The firm has a market cap of $820.38 billion, a P/E ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46. The firm’s 50-day simple moving average is $244.69 and its 200 day simple moving average is $190.37. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio is presently 46.30%.

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.