Harrington Investments INC Raises Stake in Oracle Co. (ORCL)
Harrington Investments INC increased its position in Oracle Co. (NYSE:ORCL) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,201 shares of the enterprise software provider’s stock after buying an additional 4,548 shares during the period. Oracle accounts for approximately 1.8% of Harrington Investments INC’s investment portfolio, making the stock its 24th biggest holding. Harrington Investments INC’s holdings in Oracle were worth $2,137,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Keel Point LLC grew its stake in shares of Oracle by 0.3% in the 2nd quarter. Keel Point LLC now owns 5,349 shares of the enterprise software provider’s stock valued at $268,000 after buying an additional 14 shares during the period. Flagship Harbor Advisors LLC grew its stake in shares of Oracle by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,110 shares of the enterprise software provider’s stock valued at $404,000 after buying an additional 35 shares during the period. Hudock Capital Group LLC grew its stake in shares of Oracle by 1.6% in the 2nd quarter. Hudock Capital Group LLC now owns 4,062 shares of the enterprise software provider’s stock valued at $203,000 after buying an additional 65 shares during the period. Highland Private Wealth Management boosted its stake in Oracle by 0.7% during the 2nd quarter. Highland Private Wealth Management now owns 9,660 shares of the enterprise software provider’s stock valued at $485,000 after purchasing an additional 70 shares during the last quarter. Finally, Calamos Wealth Management LLC boosted its stake in Oracle by 0.4% during the 2nd quarter. Calamos Wealth Management LLC now owns 19,893 shares of the enterprise software provider’s stock valued at $997,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 58.03% of the company’s stock.
In related news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $49.66, for a total value of $186,225.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Kurian sold 1,700,000 shares of Oracle stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $50.29, for a total transaction of $85,493,000.00. Following the completion of the transaction, the insider now owns 1,522,983 shares of the company’s stock, valued at $76,590,815.07. The disclosure for this sale can be found here. Insiders sold a total of 1,956,250 shares of company stock worth $98,316,475 in the last ninety days. 29.00% of the stock is currently owned by insiders.
Shares of Oracle Co. (NYSE ORCL) opened at $52.58 on Wednesday. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. The company has a market cap of $217,660.00, a P/E ratio of 22.57, a P/E/G ratio of 2.02 and a beta of 1.05. Oracle Co. has a 1-year low of $42.40 and a 1-year high of $53.48.
Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. Oracle’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. analysts expect that Oracle Co. will post 2.68 earnings per share for the current fiscal year.
Oracle declared that its board has authorized a share repurchase plan on Thursday, December 14th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the enterprise software provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
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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.
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