Oracle Co. (NYSE:ORCL) Position Raised by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC raised its stake in Oracle Co. (NYSE:ORCL) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,040 shares of the enterprise software provider’s stock after buying an additional 1,048 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Oracle were worth $3,273,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in Oracle in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new position in shares of Oracle during the third quarter valued at $27,000. Cornerstone Planning Group LLC increased its holdings in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the period. Finally, BluePath Capital Management LLC acquired a new position in shares of Oracle during the third quarter valued at $45,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ORCL. Piper Sandler lowered their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. The Goldman Sachs Group lifted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a report on Friday, December 22nd. Finally, William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.29 during trading hours on Thursday, reaching $125.56. The stock had a trading volume of 6,586,560 shares, compared to its average volume of 9,215,633. The business’s fifty day moving average is $116.38 and its two-hundred day moving average is $111.47. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $345.10 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.45 and a beta of 1.00. Oracle Co. has a twelve month low of $89.71 and a twelve month high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is presently 42.22%.

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.