Clear Harbor Asset Management LLC Has $5.04 Million Position in Oracle Co. (NYSE:ORCL)

Clear Harbor Asset Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,264 shares of the enterprise software provider's stock after purchasing an additional 2,882 shares during the quarter. Clear Harbor Asset Management LLC's holdings in Oracle were worth $5,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ORCL. Winch Advisory Services LLC raised its position in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Oracle during the third quarter valued at $44,000. Avondale Wealth Management bought a new position in Oracle in the third quarter valued at about $51,000. Friedenthal Financial acquired a new stake in Oracle in the third quarter worth about $51,000. Finally, Activest Wealth Management raised its holdings in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after purchasing an additional 56 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Monness Crespi & Hardt cut shares of Oracle from a "neutral" rating to a "sell" rating and set a $130.00 price objective on the stock. in a research note on Friday, December 20th. UBS Group lifted their price objective on Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Guggenheim increased their target price on Oracle from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. KeyCorp raised their target price on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, DA Davidson upped their price target on Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $11.79 during trading on Tuesday, reaching $172.82. 29,478,549 shares of the stock were exchanged, compared to its average volume of 10,327,390. The firm has a market cap of $483.37 billion, a PE ratio of 42.25, a PEG ratio of 3.16 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock has a 50-day moving average price of $174.87 and a 200-day moving average price of $161.70.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 net margin of 21.16% and a return on equity of 133.25%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 earnings per share. Research analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio is currently 39.12%.

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.