Oracle Corporation (NYSE:ORCL) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC cut its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 6.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,421 shares of the enterprise software provider's stock after selling 1,280 shares during the quarter. Harbour Capital Advisors LLC's holdings in Oracle were worth $2,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Brighton Jones LLC grew its position in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares in the last quarter. Wealthspire Advisors LLC grew its position in shares of Oracle by 4.0% during the fourth quarter. Wealthspire Advisors LLC now owns 21,781 shares of the enterprise software provider's stock worth $3,630,000 after buying an additional 835 shares in the last quarter. Howard Capital Management Inc. boosted its holdings in Oracle by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 10,013 shares of the enterprise software provider's stock valued at $1,669,000 after purchasing an additional 517 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Oracle in the fourth quarter valued at approximately $3,962,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of Oracle stock traded down $2.66 during trading hours on Friday, hitting $210.16. 14,120,277 shares of the company were exchanged, compared to its average volume of 9,949,587. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.93. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The business has a 50-day moving average of $168.42 and a 200-day moving average of $162.36. The stock has a market capitalization of $590.31 billion, a price-to-earnings ratio of 48.42, a P/E/G ratio of 3.19 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the prior year, the business earned $1.63 earnings per share. The company's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ORCL shares. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Citigroup reaffirmed an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $197.67.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock valued at $83,395,223 over the last quarter. Company insiders own 42.20% of the company's stock.

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.