Harbour Capital Advisors LLC Has $3.97 Million Holdings in Oracle Corporation $ORCL

Key Points

• Harbour Capital Advisors LLC has reduced its stake in Oracle Corporation by 6.2%, now holding 17,271 shares valued at approximately $3.97 million.
• Oracle recently reported earnings of $1.47 per share, slightly below analyst expectations, alongside a revenue of $14.93 billion for the quarter.
• The company announced a quarterly dividend of $0.50 per share, equating to an annualized yield of 0.6%, with the payment date set for October 23rd.

Harbour Capital Advisors LLC reduced its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,271 shares of the enterprise software provider's stock after selling 1,150 shares during the period. Harbour Capital Advisors LLC's holdings in Oracle were worth $3,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after buying an additional 107,404 shares during the period. Lockheed Martin Investment Management Co. boosted its position in Oracle by 4.3% during the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after acquiring an additional 2,110 shares during the last quarter. Canoe Financial LP raised its stake in Oracle by 314.8% during the 2nd quarter. Canoe Financial LP now owns 484,098 shares of the enterprise software provider's stock worth $105,838,000 after acquiring an additional 367,400 shares in the last quarter. Strs Ohio acquired a new stake in shares of Oracle in the first quarter valued at approximately $108,572,000. Finally, CBM Financial LLC purchased a new stake in Oracle during the 1st quarter worth $356,000. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other news, insider Michael D. Sicilia sold 16,323 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $313.60, for a total value of $5,118,892.80. Following the completion of the sale, the insider directly owned 110,094 shares in the company, valued at $34,525,478.40. This trade represents a 12.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Clayton M. Magouyrk sold 21,241 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the completion of the sale, the insider directly owned 78,000 shares of the company's stock, valued at $23,174,580. This trade represents a 21.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,247 shares of company stock worth $22,090,505. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. Berenberg Bank raised their target price on shares of Oracle from $202.00 to $306.00 and gave the company a "hold" rating in a research note on Monday, September 15th. Mizuho lifted 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. JMP Securities lifted their price objective on Oracle from $315.00 to $342.00 and gave the stock a "market outperform" rating in a report on Wednesday, September 10th. Finally, Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $303.44.

Oracle Stock Performance

NYSE ORCL traded up $12.56 on Friday, reaching $309.18. 40,475,718 shares of the company's stock traded hands, compared to its average volume of 29,628,284. The stock has a 50 day moving average price of $251.63 and a 200-day moving average price of $195.70. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $878.60 billion, a price-to-earnings ratio of 71.57, a P/E/G ratio of 3.34 and a beta of 1.46. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly 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). The business had revenue of $14.93 billion during the quarter, compared to analysts' expectations of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.6%. Oracle's dividend payout ratio (DPR) is 46.30%.

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.