Burns J W & Co. Inc. NY Invests $203,000 in Oracle Co. (NYSE:ORCL)

Burns J W & Co. Inc. NY acquired a new position in Oracle Co. (NYSE:ORCL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,614 shares of the enterprise software provider’s stock, valued at approximately $203,000.

Other institutional investors have also made changes to their positions in the company. Contour Asset Management LLC lifted its position in shares of Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock worth $231,203,000 after purchasing an additional 643,490 shares in the last quarter. Sandy Spring Bank raised its position in Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after acquiring an additional 1,107 shares in the last quarter. Hancock Whitney Corp raised its position in Oracle by 12.7% during the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after acquiring an additional 3,291 shares in the last quarter. LVM Capital Management Ltd. MI raised its position in Oracle by 3.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after acquiring an additional 200 shares in the last quarter. Finally, Heritage Wealth Advisors raised its position in Oracle by 0.6% during the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating on the stock. Bank of America upped their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. HSBC upped their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Finally, Evercore ISI upped their price objective on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Trading Up 0.7 %

ORCL opened at $141.20 on Friday. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $145.32. The company has a 50-day simple moving average of $125.24 and a 200 day simple moving average of $118.08. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The stock has a market capitalization of $389.13 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 2.56 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 EPS. Analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Transactions at Oracle

In related news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the transaction, the director now owns 210,712 shares in the company, valued at approximately $30,157,101.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 385,639 shares of company stock valued at $53,002,729. 42.80% of the stock is currently owned by insiders.

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.