Harvest Fund Management Co. Ltd Has $5.89 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Harvest Fund Management Co. Ltd increased its stake in Oracle Co. (NYSE:ORCL) by 119.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,543 shares of the enterprise software provider’s stock after acquiring an additional 18,803 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Oracle were worth $5,885,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in shares of Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC bought a new stake in Oracle during the second quarter valued at $30,000. Bbjs Financial Advisors LLC acquired a new stake in 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 worth about $38,000. Finally, Quest Partners LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $40,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ORCL shares. TD Cowen raised their target price on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. KeyCorp increased their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. BMO Capital Markets lifted their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research note on Tuesday, September 10th. Finally, Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a report on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $169.52.

Oracle Stock Performance

ORCL stock 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 cap of $532.85 billion, a PE ratio of 49.56, a P/E/G ratio of 3.54 and a beta of 1.02. The business has a 50 day moving average of $175.62 and a 200-day moving average of $149.64. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

Insider Buying and Selling at Oracle

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 value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

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.