Oracle Co. (NYSE:ORCL) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 20.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 85,230 shares of the enterprise software provider’s stock after acquiring an additional 14,710 shares during the period. Kestra Private Wealth Services LLC’s holdings in Oracle were worth $8,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bison Wealth LLC grew its stake in shares of Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after purchasing an additional 91 shares during the period. MONECO Advisors LLC grew its stake in shares of Oracle by 1.1% during the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after purchasing an additional 94 shares during the period. Everhart Financial Group Inc. lifted its position in shares of Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after buying an additional 96 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its position in shares of Oracle by 1.0% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after buying an additional 98 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Oracle by 0.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock valued at $2,255,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ORCL shares. HSBC increased their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Piper Sandler decreased their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. KeyCorp initiated coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. Oppenheimer started coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. Finally, StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 42.80% of the company’s stock.

Oracle Stock Performance

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

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. Oracle’s dividend 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.