Ballentine Partners LLC Has $5.44 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Ballentine Partners LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,923 shares of the enterprise software provider’s stock after acquiring an additional 1,031 shares during the period. Ballentine Partners LLC’s holdings in Oracle were worth $5,440,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Oracle during the second quarter worth $27,000. POM Investment Strategies LLC acquired a new position in Oracle in the second quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the second quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Oracle in the first quarter valued at approximately $38,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Oracle in the first quarter valued at approximately $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Mizuho lifted their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Jefferies Financial Group upped their price target on shares of Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. DA Davidson raised their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Citigroup increased their price target on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Eleven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $168.52.

Oracle Trading Up 0.7 %

ORCL opened at $174.38 on Friday. The firm has a market cap of $483.22 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 3.23 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s fifty day moving average is $158.68 and its two-hundred day moving average is $139.61.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the business posted $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s payout ratio is 41.24%.

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.