Harbour Trust & Investment Management Co Invests $5.32 Million in Oracle Co. (NYSE:ORCL)

Harbour Trust & Investment Management Co purchased a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,458 shares of the enterprise software provider's stock, valued at approximately $5,320,000.

A number of other large investors have also modified their holdings of ORCL. Toth Financial Advisory Corp boosted its position in Oracle by 1.3% during the 4th quarter. Toth Financial Advisory Corp now owns 92,315 shares of the enterprise software provider's stock worth $9,733,000 after acquiring an additional 1,174 shares during the period. Caledonia Investments PLC lifted its holdings in Oracle by 4.4% in the fourth quarter. Caledonia Investments PLC now owns 839,100 shares of the enterprise software provider's stock worth $88,441,000 after purchasing an additional 35,000 shares during the period. Optas LLC grew its position in Oracle by 17.3% in the 4th quarter. Optas LLC now owns 6,025 shares of the enterprise software provider's stock valued at $635,000 after buying an additional 888 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Oracle by 223.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 142,874 shares of the enterprise software provider's stock valued at $15,063,000 after buying an additional 98,744 shares in the last quarter. Finally, Tobam increased its stake in Oracle by 102.0% during the 4th quarter. Tobam now owns 26,861 shares of the enterprise software provider's stock valued at $2,832,000 after buying an additional 13,564 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 42.80% of the company's stock.

Oracle Trading Down 0.6 %

Shares of NYSE:ORCL traded down $0.72 during midday trading on Tuesday, reaching $123.23. The company had a trading volume of 5,547,752 shares, compared to its average volume of 8,863,992. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 1-year low of $93.20 and a 1-year high of $132.77. The firm has a market cap of $338.70 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 2.42 and a beta of 1.01. The company has a fifty day simple moving average of $118.62 and a two-hundred day simple moving average of $112.19.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. Research analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle's dividend payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ORCL. Evercore ISI decreased their price objective on shares of Oracle from $135.00 to $130.00 and set an "outperform" rating for the company in a report on Tuesday, December 12th. Piper Sandler decreased their price target on Oracle from $125.00 to $122.00 and set an "overweight" rating for the company in a research note on Tuesday, January 2nd. Erste Group Bank reiterated a "hold" rating on shares of Oracle in a research report on Friday, December 22nd. William Blair upgraded Oracle from a "market perform" rating to an "outperform" rating in a report on Tuesday, March 12th. Finally, BMO Capital Markets lifted their target price on Oracle from $126.00 to $142.00 and gave the stock a "market perform" rating in a report on Tuesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $130.76.

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.