Howard Bailey Securities LLC Has $379,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Howard Bailey Securities LLC increased its position in Oracle Co. (NYSE:ORCL) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,274 shares of the enterprise software provider’s stock after purchasing an additional 64 shares during the quarter. Howard Bailey Securities LLC’s holdings in Oracle were worth $379,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Group Ltd. acquired a new position in shares of Oracle in the 3rd quarter valued at $222,000. Exchange Traded Concepts LLC grew its stake in Oracle by 157.0% in the third quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock valued at $782,000 after acquiring an additional 2,802 shares during the period. Creative Planning raised its position in shares of Oracle by 4.1% during the third quarter. Creative Planning now owns 774,912 shares of the enterprise software provider’s stock worth $132,045,000 after purchasing an additional 30,341 shares during the period. EdgeRock Capital LLC lifted its holdings in shares of Oracle by 287.4% during the 3rd quarter. EdgeRock Capital LLC now owns 2,673 shares of the enterprise software provider’s stock valued at $456,000 after purchasing an additional 1,983 shares in the last quarter. Finally, Braun Bostich & Associates Inc. acquired a new position in shares of Oracle in the 3rd quarter valued at approximately $203,000. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of several research analyst reports. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. DA Davidson raised their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley increased their price objective on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 2.8 %

ORCL stock opened at $172.30 on Thursday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company’s 50-day simple moving average is $170.25 and its 200 day simple moving average is $165.24. The company has a market capitalization of $481.92 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last issued its quarterly 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the firm posted $1.34 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. Oracle’s payout ratio 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.