Traynor Capital Management Inc. Acquires 1,536 Shares of Oracle Co. (NYSE:ORCL)

Traynor Capital Management Inc. boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 80.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,445 shares of the enterprise software provider’s stock after purchasing an additional 1,536 shares during the period. Traynor Capital Management Inc.’s holdings in Oracle were worth $574,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. State Street Corp grew its holdings in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Oracle by 2,899.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock valued at $155,694,000 after purchasing an additional 883,233 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 6.7 %

Shares of NYSE ORCL opened at $184.18 on Thursday. 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 $515.14 billion, a price-to-earnings ratio of 45.03, a P/E/G ratio of 3.39 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 company’s fifty day moving average is $174.54 and its 200-day moving average is $161.90.

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 analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. Equities research analysts predict that Oracle Co. will post 5.01 EPS 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, January 16th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. Guggenheim boosted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $182.73.

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.