James J. Burns & Company LLC Has $330,000 Stock Position in Oracle Co. (NYSE:ORCL)

James J. Burns & Company LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,982 shares of the enterprise software provider’s stock after purchasing an additional 134 shares during the period. James J. Burns & Company LLC’s holdings in Oracle were worth $330,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Oracle during the 4th quarter worth about $25,000. Winch Advisory Services LLC raised its position in shares of 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 acquiring an additional 87 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Oracle in the third quarter worth approximately $44,000. Synergy Asset Management LLC bought a new stake in Oracle in the fourth quarter valued at approximately $47,000. Finally, Avondale Wealth Management acquired a new stake in Oracle during the 3rd quarter valued at approximately $51,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ORCL. Guggenheim boosted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research report on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. DA Davidson boosted their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, UBS Group lifted their target price on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Down 0.9 %

Shares of Oracle stock opened at $168.60 on Tuesday. The company has a market capitalization of $471.57 billion, a P/E ratio of 41.22, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The stock has a fifty day simple moving average of $171.89 and a 200 day simple moving average of $163.58. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the company earned $1.34 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s payout ratio is presently 39.12%.

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.