Kingswood Wealth Advisors LLC Purchases 20,629 Shares of Oracle Corporation (NYSE:ORCL)

Kingswood Wealth Advisors LLC boosted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 109.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,548 shares of the enterprise software provider's stock after acquiring an additional 20,629 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Oracle were worth $5,578,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the fourth quarter valued at about $30,000. Hurley Capital LLC bought a new stake in Oracle in the 4th quarter worth about $33,000. Synergy Investment Management LLC purchased a new stake in Oracle in the 4th quarter valued at about $34,000. Mpwm Advisory Solutions LLC purchased a new stake in Oracle in the 4th quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ORCL shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. BMO Capital Markets raised Oracle from a "market perform" rating to an "outperform" rating and raised their target price for the company from $200.00 to $235.00 in a research report on Friday, June 13th. Wall Street Zen downgraded shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Finally, Stephens assumed coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $195.39.

Oracle Price Performance

Shares of ORCL traded up $2.45 during midday trading on Wednesday, hitting $210.63. 15,046,293 shares of the company traded hands, compared to its average volume of 9,820,388. Oracle Corporation has a one year low of $118.86 and a one year high of $216.60. The firm has a market cap of $589.13 billion, a P/E ratio of 48.53, a PEG ratio of 3.13 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. The stock has a 50-day moving average of $155.97 and a 200-day moving average of $160.82.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results 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. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. Oracle's revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insider Buying and Selling

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider now directly owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,366 shares of company stock worth $80,183,723 over the last ninety days. 42.20% of the stock is owned by corporate insiders.

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.