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

Traynor Capital Management Inc. grew its position in shares of Oracle Co. (NYSE:ORCL) by 80.5% in the fourth quarter, HoldingsChannel reports. The fund owned 3,445 shares of the enterprise software provider’s stock after acquiring 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 hedge funds also recently made changes to their positions in the business. Winch Advisory Services LLC grew its position in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth about $44,000. Avondale Wealth Management bought a new position in shares of Oracle in the 3rd quarter valued at about $51,000. Friedenthal Financial bought a new stake in Oracle during the third quarter worth about $51,000. Finally, Activest Wealth Management boosted its position in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 6.7 %

Shares of ORCL stock opened at $184.18 on Thursday. The stock has a 50 day simple moving average of $174.54 and a 200 day simple moving average of $161.90. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $515.14 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 3.39 and a beta of 1.06.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. On average, research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ORCL shares. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price target for the company. Guggenheim lifted their price objective on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley upped their target price on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Finally, Evercore ISI lifted their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $182.73.

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.