Clear Harbor Asset Management LLC Has $5.04 Million Holdings in Oracle Co. (NYSE:ORCL)

Clear Harbor Asset Management LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 10.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 30,264 shares of the enterprise software provider’s stock after acquiring an additional 2,882 shares during the period. Clear Harbor Asset Management LLC’s holdings in Oracle were worth $5,043,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter valued at about $44,000. Avondale Wealth Management bought a new position in Oracle in the 3rd quarter worth approximately $51,000. Friedenthal Financial bought a new position in Oracle during the third quarter worth $51,000. Finally, Activest Wealth Management raised its stake in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ORCL shares. Morgan Stanley boosted their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a report on Friday, December 20th. Evercore ISI increased their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, DA Davidson increased their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 0.9 %

ORCL opened at $161.05 on Tuesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The firm’s fifty day moving average is $175.44 and its two-hundred day moving average is $161.58. The firm has a market cap of $450.44 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

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.