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

Burney Co. cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.2% during the 4th quarter, Holdings Channel.com reports. 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.

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

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. UBS Group lifted their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets upped their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Up 0.9 %

ORCL stock opened at $157.69 on Wednesday. Oracle Co. has a 52-week low of $105.42 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.72. The stock has a market capitalization of $441.05 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06. The company has a 50-day moving average of $176.99 and a two-hundred day moving average of $161.24.

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

Oracle Dividend Announcement

The company 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 yield of 1.01%. Oracle’s dividend payout ratio (DPR) is 39.12%.

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.