Granite Harbor Advisors Inc. Acquires 265 Shares of Oracle Co. (NYSE:ORCL)

Granite Harbor Advisors Inc. raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,709 shares of the enterprise software provider’s stock after acquiring an additional 265 shares during the period. Granite Harbor Advisors Inc.’s holdings in Oracle were worth $291,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ORCL. Fairway Wealth LLC acquired a new position in Oracle during the second quarter valued at approximately $27,000. Westend Capital Management LLC acquired a new position in shares of Oracle in the 1st quarter valued at $25,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle during the 2nd quarter worth $35,000. Finally, Quest Partners LLC bought a new position in Oracle during the second quarter worth about $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock traded up $0.19 during trading on Monday, reaching $175.96. 1,110,351 shares of the company’s stock were exchanged, compared to its average volume of 8,498,606. The firm’s fifty day moving average price is $151.64 and its 200-day moving average price is $136.92. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The stock has a market capitalization of $484.92 billion, a PE ratio of 47.43, a PEG ratio of 3.29 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced 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 (DPR) is currently 43.13%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research analyst reports. KeyCorp raised their target price on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. TD Cowen boosted their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. increased their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Sanford C. Bernstein boosted their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a report on Monday, September 16th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $167.42.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 6,320 shares of the company’s 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 sale, 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 position. The disclosure for this sale can be found here. 42.80% of the stock is currently owned by insiders.

About Oracle

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.