Harrington Investments INC Has $6.41 Million Stock Position in Oracle Co. (NYSE:ORCL)

Harrington Investments INC lowered its holdings in Oracle Co. (NYSE:ORCL) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,623 shares of the enterprise software provider’s stock after selling 360 shares during the period. Oracle makes up 3.5% of Harrington Investments INC’s investment portfolio, making the stock its 3rd largest position. Harrington Investments INC’s holdings in Oracle were worth $6,411,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Fairway Wealth LLC purchased a new position in shares of Oracle in the 2nd quarter worth about $27,000. Westend Capital Management LLC purchased a new stake in Oracle in the first quarter worth approximately $25,000. POM Investment Strategies LLC bought a new position in Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter worth approximately $35,000. Finally, Quest Partners LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at $40,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. Guggenheim increased their target price on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Morgan Stanley lifted their price target on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Evercore ISI upped their price target on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Bank of America lifted their price objective on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $167.42.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 42.80% of the stock is owned by insiders.

Oracle Trading Up 0.3 %

Shares of NYSE ORCL traded up $0.58 during mid-day trading on Monday, reaching $176.35. The company had a trading volume of 1,983,687 shares, compared to its average volume of 8,503,018. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The business’s 50-day moving average is $151.64 and its 200-day moving average is $136.92. The stock has a market cap of $486.00 billion, a price-to-earnings ratio of 47.50, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the prior year, the business earned $0.95 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. Oracle’s payout ratio is 43.13%.

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.