Oracle Co. (NYSE:ORCL) Shares Sold by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co decreased its holdings in Oracle Co. (NYSE:ORCL) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 43,114 shares of the enterprise software provider’s stock after selling 298 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Oracle were worth $7,185,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. R Squared Ltd acquired a new position in Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Reston Wealth Management LLC acquired a new stake in Oracle in the third quarter worth approximately $44,000. Synergy Asset Management LLC bought a new position in Oracle during the 4th quarter valued at $47,000. Finally, Friedenthal Financial acquired a new position in shares of Oracle during the 3rd quarter valued at $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Finally, BMO Capital Markets increased their price target on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

Shares of NYSE:ORCL opened at $174.53 on Monday. The stock has a market capitalization of $488.15 billion, a P/E ratio of 42.67, a P/E/G ratio of 3.39 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average of $170.42 and a two-hundred day moving average of $164.50. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.34 earnings per share. On average, equities research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio is presently 39.12%.

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.