Kestra Advisory Services LLC Trims Holdings in Oracle Corporation $ORCL

Key Points

• Kestra Advisory Services LLC reduced its holdings in Oracle Corporation by 5.9%, now owning 209,797 shares valued at approximately $29.3 million.
• Institutional investors collectively own around 42.44% of Oracle's stock, with notable increases in holdings from firms like GAMMA Investing LLC and Vanguard Group Inc.
• Oracle's recent quarterly earnings exceeded analyst expectations, reporting $1.70 earnings per share and $15.90 billion in revenue, marking an 11.3% increase year-over-year.

Kestra Advisory Services LLC trimmed its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 5.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,797 shares of the enterprise software provider's stock after selling 13,122 shares during the quarter. Kestra Advisory Services LLC's holdings in Oracle were worth $29,332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Nuveen LLC bought a new position in shares of Oracle during the 1st quarter valued at approximately $732,692,000. GAMMA Investing LLC increased its stake in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after purchasing an additional 4,723,631 shares during the period. Vanguard Group Inc. increased its stake in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after buying an additional 2,350,448 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of Oracle by 268.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after buying an additional 2,242,520 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock valued at $86,521,198 over the last 90 days. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Down 0.9%

NYSE:ORCL opened at $233.0010 on Friday. The stock has a market cap of $654.46 billion, a P/E ratio of 53.69, a P/E/G ratio of 3.51 and a beta of 1.43. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The stock has a 50-day simple moving average of $234.95 and a 200-day simple moving average of $182.32.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.63 EPS. As a group, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. Oracle's payout ratio is 46.08%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ORCL. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Westpark Capital lifted their price target on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Scotiabank initiated coverage on Oracle in a report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price target for the company. Royal Bank Of Canada boosted their price objective on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Finally, JMP Securities lifted their price target on Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $227.04.

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.

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