Harbour Investments Inc. Has $6.67 Million Holdings in Oracle Corporation $ORCL

Key Points

• Harbour Investments Inc. increased its stake in Oracle Corporation by 31.5%, owning a total of 30,498 shares worth approximately $6.67 million as of the latest SEC filing.
• Analysts have recently raised their price targets for Oracle, with Cowen issuing a $375 price objective, while the stock has a consensus rating of "Moderate Buy" and an average target price of $307.
• Oracle will pay a quarterly dividend of $0.50 per share on October 23rd, with a current dividend yield of 0.7% and a payout ratio of 46.30%.

Harbour Investments Inc. lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 31.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,498 shares of the enterprise software provider's stock after buying an additional 7,298 shares during the period. Harbour Investments Inc.'s holdings in Oracle were worth $6,668,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the first quarter worth $28,000. Iron Horse Wealth Management LLC increased its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Oracle during the second quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new position in shares of Oracle during the second quarter worth $38,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on ORCL shares. Cowen reissued a "buy" rating and issued a $375.00 price objective on shares of Oracle in a research note on Wednesday, September 10th. Evercore ISI boosted their price objective on shares of Oracle from $340.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday. Sanford C. Bernstein boosted their price objective on shares of Oracle from $363.00 to $364.00 and gave the stock an "outperform" rating in a research note on Friday, September 26th. Mizuho boosted their price objective on shares of Oracle from $300.00 to $350.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 10th. Finally, Guggenheim boosted their price objective on shares of Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $307.00.

Oracle Stock Down 2.8%

Shares of Oracle stock opened at $299.33 on Wednesday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The stock's 50-day moving average is $268.67 and its 200 day moving average is $212.52. The firm has a market cap of $853.32 billion, a price-to-earnings ratio of 69.29, a PEG ratio of 3.31 and a beta of 1.53.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The business had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same quarter in the previous year, the company earned $1.39 EPS. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio is 46.30%.

Insider Activity at Oracle

In other news, EVP Stuart Levey sold 19,758 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the transaction, the executive vice president owned 18,429 shares of the company's stock, valued at $5,528,700. This represents a 51.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the transaction, the director directly owned 29,225 shares in the company, valued at $8,443,394.75. This trade represents a 7.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,769 shares of company stock worth $36,428,967. 40.90% of the stock is currently owned by insiders.

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.

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