Harvest Portfolios Group Inc. Grows Position in Oracle Corporation $ORCL

Key Points

• Harvest Portfolios Group Inc. has increased its stake in Oracle Corporation by 2.9%, bringing their total ownership to 155,649 shares valued at approximately $21.76 million.
• Numerous institutional investors are actively adjusting their holdings in Oracle, with notable entries including Nuveen LLC's new stake valued at about $732.69 million.
• Oracle recently surpassed analysts' expectations, reporting $1.70 earnings per share and revenue of $15.90 billion for the last quarter, reflecting an 11.3% increase year-over-year.

Harvest Portfolios Group Inc. increased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,649 shares of the enterprise software provider's stock after purchasing an additional 4,314 shares during the period. Harvest Portfolios Group Inc.'s holdings in Oracle were worth $21,761,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ORCL. Nuveen LLC bought a new stake in shares of Oracle in the 1st quarter valued at about $732,692,000. GAMMA Investing LLC grew its position in Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after buying an additional 4,723,631 shares during the period. Vanguard Group Inc. grew its position in Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after buying an additional 3,513,464 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after buying an additional 2,350,448 shares during the period. Finally, Northern Trust Corp lifted its holdings in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after purchasing an additional 2,176,892 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ORCL. UBS Group raised their price target on shares of Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Cowen reaffirmed a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Westpark Capital upped their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, Morgan Stanley restated an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $227.04.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 444,183 shares of company stock valued at $86,521,198. Company insiders own 42.20% of the company's stock.

Oracle Price Performance

ORCL opened at $235.48 on Tuesday. The company's 50 day simple moving average is $235.86 and its 200 day simple moving average is $183.37. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The stock has a market capitalization of $661.42 billion, a PE ratio of 54.26, a P/E/G ratio of 3.53 and a beta of 1.43.

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

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle's payout ratio is 46.08%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.