Traynor Capital Management Inc. Reduces Position in Oracle Co. (NYSE:ORCL)

Traynor Capital Management Inc. lessened its position in shares of Oracle Co. (NYSE:ORCL) by 13.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,426 shares of the enterprise software provider’s stock after selling 392 shares during the quarter. Traynor Capital Management Inc.’s holdings in Oracle were worth $305,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Oracle in the 3rd quarter valued at approximately $174,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of Oracle by 5.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 8,265 shares of the enterprise software provider’s stock valued at $875,000 after purchasing an additional 404 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Oracle by 39.8% in the 3rd quarter. Federated Hermes Inc. now owns 46,305 shares of the enterprise software provider’s stock valued at $4,905,000 after purchasing an additional 13,183 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Oracle by 22.3% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 7,841 shares of the enterprise software provider’s stock valued at $831,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its stake in shares of Oracle by 13.3% in the 3rd quarter. Personal CFO Solutions LLC now owns 4,361 shares of the enterprise software provider’s stock valued at $462,000 after purchasing an additional 511 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $139.85 on Tuesday. The company has a market cap of $385.41 billion, a P/E ratio of 37.70, a P/E/G ratio of 2.57 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.32. The business has a fifty day simple moving average of $123.47 and a 200-day simple moving average of $117.30.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. Equities research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the transaction, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 348,418 shares of company stock valued at $47,784,717. Company insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Argus raised their price target on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Mizuho raised their price target on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, Sanford C. Bernstein raised their price target on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $144.79.

About Oracle

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.