Ballentine Partners LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Ballentine Partners LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,416 shares of the enterprise software provider’s stock after purchasing an additional 1,493 shares during the period. Ballentine Partners LLC’s holdings in Oracle were worth $5,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Winch Advisory Services LLC grew its holdings in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter valued at about $44,000. Avondale Wealth Management acquired a new stake in Oracle in the 3rd quarter valued at about $51,000. Friedenthal Financial purchased a new position in Oracle in the 3rd quarter worth approximately $51,000. Finally, Activest Wealth Management boosted its holdings in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 0.9 %

Shares of NYSE:ORCL opened at $161.05 on Tuesday. The firm has a 50 day simple moving average of $175.44 and a 200-day simple moving average of $161.58. Oracle Co. has a twelve month low of $106.51 and a twelve month 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 company has a market capitalization of $450.44 billion, a PE ratio of 39.38, a P/E/G ratio of 3.16 and a beta of 1.06.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. DA Davidson lifted their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. BMO Capital Markets boosted their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Mizuho lifted their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Cantor Fitzgerald began coverage on shares of Oracle in a research report on Friday. They set an “overweight” rating and a $214.00 price target on the stock. One 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 company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price 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.