Harel Insurance Investments & Financial Services Ltd. Purchases 147,740 Shares of Oracle Co. (NYSE:ORCL)

Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 6,613.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 149,974 shares of the enterprise software provider’s stock after buying an additional 147,740 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Oracle were worth $24,992,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ORCL. Winch Advisory Services LLC grew its holdings in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Reston Wealth Management LLC purchased a new position in Oracle during the 3rd quarter worth $44,000. Avondale Wealth Management bought a new stake in shares of Oracle in the 3rd quarter worth $51,000. Friedenthal Financial purchased a new stake in shares of Oracle in the third quarter valued at about $51,000. Finally, Activest Wealth Management lifted its position in shares of Oracle by 21.9% during the third 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 in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 1.5 %

Shares of ORCL opened at $183.59 on Friday. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The stock has a market cap of $513.50 billion, a PE ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business’s 50-day moving average price is $174.41 and its 200-day moving average price is $162.22.

Oracle (NYSE:ORCL) last posted its earnings results 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). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 earnings per share. On average, equities analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Oracle’s payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ORCL. DA Davidson upped their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. BMO Capital Markets increased their price target on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Citigroup lifted their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Jefferies Financial Group upped their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Piper Sandler lifted their target price on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle 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.