Harbour Investments Inc. Purchases 3,768 Shares of Oracle Co. (NYSE:ORCL)

Harbour Investments Inc. grew its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 24.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,937 shares of the enterprise software provider's stock after acquiring an additional 3,768 shares during the quarter. Harbour Investments Inc.'s holdings in Oracle were worth $3,227,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Fairway Wealth LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle during the 1st quarter worth approximately $38,000. Finally, Quest Partners LLC acquired a new stake in Oracle during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company's stock, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

ORCL stock traded up $0.05 during mid-day trading on Wednesday, reaching $189.63. 4,541,897 shares of the stock traded hands, compared to its average volume of 8,247,340. 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 Co. has a 52 week low of $99.26 and a 52 week high of $191.77. The business has a 50-day moving average of $169.43 and a two-hundred day moving average of $145.54. The firm has a market capitalization of $525.48 billion, a PE ratio of 48.96, a P/E/G ratio of 3.49 and a beta of 1.02.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio is currently 41.24%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Bank of America increased their price objective on Oracle from $155.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. UBS Group reaffirmed a "market outperform" rating on shares of Oracle in a research report on Friday, October 18th. TD Cowen increased their price objective on Oracle from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. JMP Securities increased their target price on Oracle from $175.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Friday, October 18th. Finally, Piper Sandler increased their target price on Oracle from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $168.52.

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.