Kestra Private Wealth Services LLC Has $8.99 Million Position in Oracle Co. (NYSE:ORCL)

Kestra Private Wealth Services LLC grew its position in Oracle Co. (NYSE:ORCL) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,230 shares of the enterprise software provider’s stock after purchasing an additional 14,710 shares during the period. Kestra Private Wealth Services LLC’s holdings in Oracle were worth $8,986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sandy Spring Bank grew its holdings in shares of Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI lifted its position in Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares in the last quarter. Quantum Private Wealth LLC acquired a new position in shares of Oracle during the 3rd quarter worth about $229,000. Cooper Financial Group grew its holdings in shares of Oracle by 43.4% in the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $171,000. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent analyst reports. Oppenheimer started coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating on the stock. BMO Capital Markets increased their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. HSBC upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. The Goldman Sachs Group raised their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Down 1.6 %

ORCL stock traded down $1.91 during midday trading on Tuesday, reaching $114.58. 1,783,748 shares of the company’s stock traded hands, compared to its average volume of 8,356,408. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm’s fifty day moving average price is $119.52 and its 200-day moving average price is $113.21. Oracle Co. has a 52 week low of $93.85 and a 52 week high of $132.77. The company has a market cap of $314.92 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 2.35 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the business posted $0.96 earnings per share. Oracle’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

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.