Kestra Private Wealth Services LLC Acquires 14,710 Shares of Oracle Co. (NYSE:ORCL)

Kestra Private Wealth Services LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 20.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,230 shares of the enterprise software provider's stock after acquiring an additional 14,710 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Oracle were worth $8,986,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of Oracle during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider's stock valued at $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its position in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider's stock valued at $36,000 after buying an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. raised its position in shares of Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider's stock valued at $39,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ORCL shares. KeyCorp started coverage on Oracle in a research note on Thursday, March 21st. They set an "overweight" rating and a $150.00 target price for the company. HSBC upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, March 13th. The Goldman Sachs Group lifted their target price on shares of Oracle from $115.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, March 13th. StockNews.com upgraded Oracle from a "hold" rating to a "buy" rating in a research note on Tuesday, April 23rd. Finally, Oppenheimer started coverage on Oracle in a research note on Thursday, April 18th. They issued a "market perform" rating for the company. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $130.76.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.80% of the stock is owned by company insiders.

Oracle Stock Down 2.4 %

Shares of ORCL stock traded down $2.74 on Tuesday, reaching $113.75. 6,230,354 shares of the stock were exchanged, compared to its average volume of 8,411,353. The business's 50 day moving average price is $119.52 and its 200 day moving average price is $113.21. The company has a market capitalization of $312.64 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 2.35 and a beta of 1.01. Oracle Co. has a twelve month low of $93.85 and a twelve month high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period last year, the firm posted $0.96 EPS. The company's revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.41%. Oracle's dividend payout ratio is presently 42.22%.

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.