Kestra Private Wealth Services LLC Has $2.09 Million Holdings in Oracle Co. (NYSE:ORCL)

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Kestra Private Wealth Services LLC increased its position in Oracle Co. (NYSE:ORCLGet Rating) by 1.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,241 shares of the enterprise software provider’s stock after purchasing an additional 339 shares during the period. Kestra Private Wealth Services LLC’s holdings in Oracle were worth $2,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bivin & Associates Inc. acquired a new stake in shares of Oracle in the fourth quarter worth $35,000. Ulland Investment Advisors LLC lifted its stake in Oracle by 469.0% in the 1st quarter. Ulland Investment Advisors LLC now owns 404 shares of the enterprise software provider’s stock worth $33,000 after acquiring an additional 333 shares in the last quarter. Steward Financial Group LLC acquired a new stake in Oracle during the 1st quarter worth about $33,000. Life Planning Partners Inc purchased a new position in Oracle during the 4th quarter valued at about $44,000. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Oracle in the 4th quarter valued at about $43,000. 41.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total transaction of $66,870,000.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Edward Screven sold 419,174 shares of Oracle stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the transaction, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Safra Catz sold 1,000,000 shares of the company’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $66.87, for a total transaction of $66,870,000.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $74,800,247.04. The disclosure for this sale can be found here. Insiders sold 2,399,174 shares of company stock valued at $164,289,224 in the last ninety days. Insiders own 39.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Piper Sandler restated a “hold” rating and set a $70.00 price target on shares of Oracle in a report on Tuesday. UBS Group set a $75.00 price target on shares of Oracle in a research note on Tuesday. Berenberg Bank initiated coverage on Oracle in a research note on Wednesday. They issued a “hold” rating and a $72.00 target price on the stock. Barclays set a $82.00 price target on Oracle in a research note on Thursday. Finally, Citigroup set a $81.00 price target on Oracle in a research note on Monday, June 20th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Oracle presently has an average rating of “Hold” and a consensus price target of $89.17.

Oracle Stock Down 2.6 %

NYSE ORCL opened at $70.24 on Friday. The stock has a market cap of $189.34 billion, a P/E ratio of 33.45, a PEG ratio of 2.07 and a beta of 0.87. Oracle Co. has a twelve month low of $63.76 and a twelve month high of $106.34. The company’s 50-day simple moving average is $75.21 and its 200 day simple moving average is $74.93.

Oracle (NYSE:ORCLGet Rating) last issued its earnings results on Monday, September 12th. The enterprise software provider reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. The company had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.44 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Research analysts anticipate that Oracle Co. will post 4.36 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Wednesday, October 12th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, October 11th. Oracle’s dividend payout ratio (DPR) is currently 60.95%.

Oracle Company Profile

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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