Oracle Corporation $ORCL Stake Raised by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC increased its stake in Oracle Corporation by 33.8% during the first quarter, owning a total of 27,064 shares valued at approximately $3.78 million.
• Analysts are optimistic about Oracle's performance, with several firms raising their price targets; the stock currently has a consensus rating of "Moderate Buy" and an average target price of $227.04.
• Oracle recently announced a dividend of $0.50 per share, with a quarterly payout reflecting a dividend yield of 0.9% and a payout ratio of 46.08%.

Kestra Investment Management LLC boosted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 33.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,064 shares of the enterprise software provider's stock after acquiring an additional 6,840 shares during the quarter. Kestra Investment Management LLC's holdings in Oracle were worth $3,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new stake in Oracle in the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the first quarter worth about $28,000. Iron Horse Wealth Management LLC raised its position in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter worth about $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle in the fourth quarter worth about $36,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Westpark Capital boosted their price objective on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. DA Davidson boosted their price objective on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Finally, Loop Capital set a $135.00 price objective on Oracle in a report on Tuesday, June 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $227.04.

Insider Buying and Selling

In other news, 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 value of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,183 shares of company stock worth $86,521,198 over the last ninety days. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of ORCL opened at $232.87 on Friday. The company has a market capitalization of $654.10 billion, a price-to-earnings ratio of 53.66, a P/E/G ratio of 3.48 and a beta of 1.46. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The business's 50-day moving average is $239.38 and its 200-day moving average is $186.65.

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

Oracle Dividend Announcement

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

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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