Harbour Capital Advisors LLC Cuts Position in Oracle Corporation (NYSE:ORCL)

Harbour Capital Advisors LLC decreased its holdings in Oracle Corporation (NYSE:ORCL) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. FMR LLC increased its position in shares of Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock valued at $6,332,803,000 after buying an additional 156,269 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after buying an additional 619,619 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Oracle by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after buying an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock valued at $3,269,566,000 after buying an additional 2,176,892 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.9%

ORCL opened at $207.08 on Tuesday. The firm has a market capitalization of $581.65 billion, a P/E ratio of 47.71, a P/E/G ratio of 3.08 and a beta of 1.32. The firm’s 50 day moving average is $161.85 and its 200-day moving average is $161.26. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.60. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last issued its quarterly 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. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates 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 previous year, the firm earned $1.63 earnings per share. Analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared 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 dividend payout ratio (DPR) is presently 46.08%.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the sale, the insider now owns 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 442,366 shares of company stock worth $83,395,223. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ORCL shares. Cantor Fitzgerald dropped their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Stifel Nicolaus raised their target price on shares of Oracle from $150.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, June 12th. UBS Group reissued a “buy” rating and issued a $225.00 target price (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Guggenheim raised their target price on shares of Oracle from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 18th. Eleven investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $196.74.

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.