Kestra Private Wealth Services LLC Purchases 10,824 Shares of Oracle Corporation (NYSE:ORCL)

Kestra Private Wealth Services LLC boosted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 13.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,381 shares of the enterprise software provider's stock after buying an additional 10,824 shares during the period. Kestra Private Wealth Services LLC's holdings in Oracle were worth $12,916,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. FMR LLC grew its position in Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after purchasing an additional 156,269 shares in the last quarter. Geode Capital Management LLC grew its position in Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after purchasing an additional 619,619 shares in the last quarter. Franklin Resources Inc. grew its position in Oracle by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after purchasing an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp grew its position in Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after purchasing an additional 2,176,892 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. UBS Group upped their price objective on shares of Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and boosted their target price for the company from $180.00 to $250.00 in a research report on Monday, June 30th. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. Finally, Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and increased their target price for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $218.29.

Insider Activity

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction dated 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 owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Down 1.4%

Shares of NYSE ORCL traded down $3.45 during mid-day trading on Friday, hitting $245.30. The stock had a trading volume of 9,671,806 shares, compared to its average volume of 10,370,432. 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 $251.60. The business has a 50 day moving average price of $196.21 and a two-hundred day moving average price of $168.95. The firm has a market cap of $689.01 billion, a P/E ratio of 56.52, a price-to-earnings-growth ratio of 3.67 and a beta of 1.39.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.