Kestra Advisory Services LLC Buys 35,855 Shares of Oracle Co. (NYSE:ORCL)

Kestra Advisory Services LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 23.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 189,385 shares of the enterprise software provider’s stock after purchasing an additional 35,855 shares during the quarter. Kestra Advisory Services LLC’s holdings in Oracle were worth $23,789,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Westend Capital Management LLC bought a new stake in shares of Oracle in the 1st quarter worth approximately $25,000. Tidemark LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $29,000. Frank Rimerman Advisors LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $30,000. Alaska Permanent Fund Corp bought a new stake in shares of Oracle during the first quarter valued at approximately $36,000. Finally, Nordwand Advisors LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $30,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of ORCL traded up $1.19 during trading hours on Friday, hitting $139.01. The stock had a trading volume of 5,139,377 shares, compared to its average volume of 7,701,505. The stock has a fifty day moving average price of $135.07 and a 200 day moving average price of $123.30. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $146.59. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The firm has a market capitalization of $383.09 billion, a PE ratio of 37.47, a PEG ratio of 2.51 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.35 EPS. Analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ORCL shares. Piper Sandler restated an “overweight” rating and set a $150.00 price target on shares of Oracle in a research report on Friday, July 12th. Evercore ISI lifted their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and set a $125.00 price target on shares of Oracle in a research report on Tuesday, June 25th. UBS Group lifted their price target on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, Sanford C. Bernstein lifted their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $145.83.

Insider Transactions at Oracle

In other news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold a total of 1,952,500 shares of company stock valued at $277,298,174 over the last 90 days. Company insiders own 42.80% of the company’s stock.

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.