Oracle Co. (NYSE:ORCL) Shares Sold by Burney Co.

Burney Co. lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,636 shares of the enterprise software provider’s stock after selling 2,444 shares during the quarter. Burney Co.’s holdings in Oracle were worth $18,103,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Fairway Wealth LLC purchased a new position in Oracle in the 2nd quarter valued at approximately $27,000. Quest Partners LLC purchased a new position in Oracle in the second quarter worth approximately $40,000. Reston Wealth Management LLC acquired a new position in Oracle during the 3rd quarter worth approximately $44,000. Avondale Wealth Management acquired a new position in shares of Oracle during the third quarter worth $51,000. Finally, Friedenthal Financial acquired a new stake in Oracle in the third quarter valued at $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of Oracle stock opened at $157.69 on Wednesday. The business’s fifty day moving average price is $176.99 and its 200 day moving average price is $161.24. The stock has a market capitalization of $441.05 billion, a P/E ratio of 38.56, a PEG ratio of 3.39 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $105.42 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the firm earned $1.34 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The business 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. JMP Securities reissued a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Tuesday, December 10th. Mizuho boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Evercore ISI raised their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.48.

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.