Sendero Wealth Management LLC Reduces Position in Oracle Co. (NYSE:ORCL)

Sendero Wealth Management LLC lowered its position in Oracle Co. (NYSE:ORCL) by 31.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,591 shares of the enterprise software provider’s stock after selling 724 shares during the quarter. Sendero Wealth Management LLC’s holdings in Oracle were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ORCL. Westend Capital Management LLC purchased a new stake in Oracle in the 1st quarter valued at $25,000. Fairway Wealth LLC acquired a new position in Oracle in the second quarter valued at $27,000. POM Investment Strategies LLC purchased a new stake in shares of 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 about $35,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of Oracle during the first quarter worth about $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,146,320 shares of company stock worth $164,762,400. 42.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on ORCL shares. JMP Securities raised Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a research note on Tuesday, September 10th. Jefferies Financial Group upped their price target on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Evercore ISI upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $167.42.

Oracle Price Performance

NYSE ORCL traded down $2.01 during trading hours on Thursday, reaching $175.88. The company’s stock had a trading volume of 3,748,433 shares, compared to its average volume of 8,530,983. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The stock has a market cap of $484.70 billion, a PE ratio of 47.23, a PEG ratio of 3.09 and a beta of 1.01. 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 company’s 50-day moving average is $150.03 and its two-hundred day moving average is $136.15.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. Analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is currently 43.13%.

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.