Oracle Co. (NYSE:ORCL) Stock Holdings Reduced by Harrington Investments INC

Harrington Investments INC cut its position in shares of Oracle Co. (NYSE:ORCL) by 0.6% in the second quarter, Holdings Channel reports. The firm owned 37,983 shares of the enterprise software provider’s stock after selling 245 shares during the period. Oracle accounts for 3.0% of Harrington Investments INC’s investment portfolio, making the stock its 8th largest holding. Harrington Investments INC’s holdings in Oracle were worth $5,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. First Foundation Advisors raised its stake in shares of Oracle by 10.5% during the 2nd quarter. First Foundation Advisors now owns 12,416 shares of the enterprise software provider’s stock worth $1,753,000 after purchasing an additional 1,176 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Oracle during the 2nd quarter worth about $40,000. Mount Lucas Management LP purchased a new stake in shares of Oracle during the 2nd quarter worth about $164,000. Morton Community Bank raised its stake in shares of Oracle by 3.1% during the 2nd quarter. Morton Community Bank now owns 32,981 shares of the enterprise software provider’s stock worth $4,657,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management raised its stake in shares of Oracle by 14.9% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 3,016 shares of the enterprise software provider’s stock valued at $426,000 after acquiring an additional 391 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent analyst reports. TD Cowen raised their price objective on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. DA Davidson reissued a “neutral” rating and issued a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. Stifel Nicolaus raised their price objective on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, June 12th. UBS Group raised their price objective on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Citigroup cut their price objective on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. Fourteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last three months. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Performance

Oracle stock opened at $141.81 on Monday. The stock has a 50-day simple moving average of $138.72 and a 200 day simple moving average of $128.62. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $146.59. The stock has a market capitalization of $390.81 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 2.56 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 earnings per share. On average, research analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Oracle’s payout ratio is 43.13%.

Oracle Company 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.