Harvest Fund Management Co. Ltd Purchases 18,803 Shares of Oracle Co. (NYSE:ORCL)

Harvest Fund Management Co. Ltd raised its position in Oracle Co. (NYSE:ORCL) by 119.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 34,543 shares of the enterprise software provider’s stock after acquiring an additional 18,803 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Oracle were worth $5,885,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in Oracle during the second quarter worth $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the 2nd quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle in the 1st quarter valued at about $38,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle in the second quarter valued at about $40,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ORCL. Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Royal Bank of Canada began coverage on shares of Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price for the company. DA Davidson upped their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, September 16th. Finally, JMP Securities boosted their price objective on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

NYSE:ORCL opened at $192.29 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $532.85 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $196.04. The stock’s 50-day simple moving average is $175.62 and its 200 day simple moving average is $149.64.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $13.23 billion. During the same period in the previous year, the firm posted $0.95 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Oracle Company 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.