Harvest Capital Management Inc Reduces Position in Oracle Corporation (ORCL)

Harvest Capital Management Inc reduced its stake in shares of Oracle Corporation (NYSE:ORCL) by 1.3% during the third quarter, Holdings Channel reports. The fund owned 34,749 shares of the enterprise software provider’s stock after selling 475 shares during the period. Oracle Corporation comprises approximately 0.6% of Harvest Capital Management Inc’s investment portfolio, making the stock its 25th largest position. Harvest Capital Management Inc’s holdings in Oracle Corporation were worth $1,379,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in Oracle Corporation by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock valued at $124,000 after buying an additional 963 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Oracle Corporation by 64.4% in the third quarter. Penserra Capital Management LLC now owns 3,276 shares of the enterprise software provider’s stock valued at $128,000 after buying an additional 1,283 shares during the period. Clean Yield Group boosted its stake in Oracle Corporation by 3.1% in the third quarter. Clean Yield Group now owns 3,293 shares of the enterprise software provider’s stock valued at $129,000 after buying an additional 99 shares during the period. Riggs Asset Managment Co. Inc. boosted its stake in Oracle Corporation by 2.9% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,481 shares of the enterprise software provider’s stock valued at $142,000 after buying an additional 99 shares during the period. Finally, Valley National Advisers Inc. boosted its stake in Oracle Corporation by 2.9% in the third quarter. Valley National Advisers Inc. now owns 3,666 shares of the enterprise software provider’s stock valued at $144,000 after buying an additional 105 shares during the period. 57.95% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

Shares of Oracle Corporation (NYSE:ORCL) opened at 41.10 on Wednesday. The company has a market cap of $168.61 billion, a price-to-earnings ratio of 19.62 and a beta of 1.14. The company’s 50-day moving average is $39.59 and its 200-day moving average is $39.72. Oracle Corporation has a 12-month low of $35.77 and a 12-month high of $42.00.

Oracle Corporation (NYSE:ORCL) last released its quarterly earnings data on Thursday, December 15th. The enterprise software provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Oracle Corporation had a return on equity of 21.33% and a net margin of 23.69%. The company earned $9.07 billion during the quarter. During the same quarter in the previous year, the business posted $0.63 earnings per share. Oracle Corporation’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts predict that Oracle Corporation will post $2.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 26th. Stockholders of record on Thursday, January 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Tuesday, January 3rd. Oracle Corporation’s payout ratio is presently 28.99%.

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ORCL has been the subject of a number of recent analyst reports. Rowe decreased their price target on Oracle Corporation from $109.00 to $9.30 in a report on Tuesday, November 8th. BTIG Research reaffirmed a “buy” rating and set a $47.00 target price on shares of Oracle Corporation in a research note on Sunday, December 4th. Goldman Sachs Group, Inc. (The) set a $47.00 target price on Oracle Corporation and gave the stock a “buy” rating in a report on Friday, December 9th. Instinet reissued a “buy” rating and issued a $45.00 price target on shares of Oracle Corporation in a research note on Thursday, December 8th. Finally, Cowen and Company set a $46.00 price target on Oracle Corporation and gave the stock a “buy” rating in a report on Tuesday, October 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.19.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $40.85, for a total value of $153,187.50. Following the sale, the director now owns 8,281 shares in the company, valued at $338,278.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 45,000 shares of Oracle Corporation stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $38.72, for a total transaction of $1,742,400.00. Following the completion of the sale, the director now directly owns 52,654 shares of the company’s stock, valued at approximately $2,038,762.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,500 shares of company stock worth $2,042,175. Insiders own 29.00% of the company’s stock.

About Oracle Corporation

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

5 Day Chart for NYSE:ORCL

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