Harrington Investments INC Sells 2,359 Shares of Oracle Co. (NYSE:ORCL)


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Harrington Investments INC lowered its holdings in Oracle Co. (NYSE:ORCL) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,560 shares of the enterprise software provider’s stock after selling 2,359 shares during the quarter. Oracle makes up 1.3% of Harrington Investments INC’s portfolio, making the stock its 29th biggest position. Harrington Investments INC’s holdings in Oracle were worth $1,912,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Alliance grew its holdings in shares of Oracle by 4.0% during the third quarter. Wealth Alliance now owns 9,301 shares of the enterprise software provider’s stock valued at $555,000 after buying an additional 354 shares during the last quarter. Harfst & Associates Inc. raised its stake in Oracle by 3.4% in the 3rd quarter. Harfst & Associates Inc. now owns 5,642 shares of the enterprise software provider’s stock worth $336,000 after acquiring an additional 185 shares during the last quarter. F&V Capital Management LLC lifted its position in Oracle by 3.5% during the 4th quarter. F&V Capital Management LLC now owns 112,205 shares of the enterprise software provider’s stock worth $7,259,000 after acquiring an additional 3,810 shares during the period. Exchange Traded Concepts LLC grew its stake in Oracle by 148.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 871 shares of the enterprise software provider’s stock valued at $52,000 after purchasing an additional 521 shares during the last quarter. Finally, JustInvest LLC increased its holdings in shares of Oracle by 71.1% in the third quarter. JustInvest LLC now owns 20,661 shares of the enterprise software provider’s stock valued at $1,233,000 after purchasing an additional 8,586 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

In related news, CAO W Corey West sold 200,000 shares of Oracle stock in a transaction that occurred on Friday, December 18th. The stock was sold at an average price of $65.00, for a total transaction of $13,000,000.00. Following the transaction, the chief accounting officer now owns 309,647 shares in the company, valued at $20,127,055. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction on Tuesday, December 15th. The shares were sold at an average price of $61.63, for a total value of $6,163,000.00. Following the completion of the sale, the executive vice president now owns 100,000 shares of the company’s stock, valued at $6,163,000. The disclosure for this sale can be found here. Insiders have sold 325,000 shares of company stock worth $20,685,750 over the last 90 days. 39.10% of the stock is currently owned by company insiders.

A number of equities research analysts recently commented on ORCL shares. Oppenheimer reiterated a “hold” rating on shares of Oracle in a research report on Friday, December 11th. Monness Crespi & Hardt raised shares of Oracle from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Friday, December 18th. Royal Bank of Canada increased their price objective on shares of Oracle from $68.00 to $71.00 and gave the stock an “outperform” rating in a research note on Friday, December 11th. Bank of America assumed coverage on shares of Oracle in a research report on Wednesday, December 16th. They set a “neutral” rating and a $68.00 target price for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $72.00 price target on shares of Oracle in a research report on Friday, December 11th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $64.34.

Shares of NYSE:ORCL traded down $0.36 during trading on Wednesday, reaching $62.06. The stock had a trading volume of 8,297,400 shares, compared to its average volume of 8,552,225. The company has a debt-to-equity ratio of 6.68, a quick ratio of 2.66 and a current ratio of 2.66. Oracle Co. has a 1-year low of $39.71 and a 1-year high of $66.20. The stock has a market cap of $182.71 billion, a PE ratio of 19.45, a PEG ratio of 1.76 and a beta of 0.79. The business has a fifty day moving average price of $62.00 and a 200-day moving average price of $58.38.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, December 9th. The enterprise software provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.06. Oracle had a return on equity of 85.71% and a net margin of 26.13%. The company had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.78 billion. During the same quarter last year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 3.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 21st. Investors of record on Thursday, January 7th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, January 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.55%. Oracle’s payout ratio is presently 27.75%.

About Oracle

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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