Sendero Wealth Management LLC Raises Holdings in Oracle Co. (NYSE:ORCL)

Sendero Wealth Management LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,740 shares of the enterprise software provider’s stock after purchasing an additional 149 shares during the period. Sendero Wealth Management LLC’s holdings in Oracle were worth $290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Quest Partners LLC purchased a new position in Oracle during the 2nd quarter valued at about $40,000. Reston Wealth Management LLC bought a new position in shares of Oracle during the third quarter valued at approximately $44,000. Avondale Wealth Management purchased a new position in Oracle during the third quarter valued at approximately $51,000. Friedenthal Financial bought a new position in Oracle in the third quarter worth approximately $51,000. Finally, Activest Wealth Management lifted its holdings in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 1.3 %

NYSE ORCL opened at $158.35 on Thursday. The company has a fifty day moving average of $176.99 and a 200 day moving average of $161.24. The company has a market capitalization of $442.90 billion, a PE ratio of 38.72, a P/E/G ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1 year low of $105.42 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 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 business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. Research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 1.01%. Oracle’s dividend payout ratio is presently 39.12%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Mizuho boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. KeyCorp boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Evercore ISI raised their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Jefferies Financial Group increased their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets lifted their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.48.

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.