22,686 Shares in Oracle Co. (NYSE:ORCL) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL) during the third quarter, Holdings Channel.com reports. The firm acquired 22,686 shares of the enterprise software provider’s stock, valued at approximately $3,866,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Massmutual Trust Co. FSB ADV boosted its holdings in Oracle by 19.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 15,346 shares of the enterprise software provider’s stock valued at $2,167,000 after acquiring an additional 2,508 shares during the period. Bank & Trust Co purchased a new stake in shares of Oracle during the second quarter valued at $648,000. Chickasaw Capital Management LLC grew its holdings in shares of Oracle by 7.6% in the second quarter. Chickasaw Capital Management LLC now owns 20,617 shares of the enterprise software provider’s stock worth $2,911,000 after purchasing an additional 1,465 shares during the last quarter. Quent Capital LLC increased its stake in Oracle by 1.9% in the 2nd quarter. Quent Capital LLC now owns 9,595 shares of the enterprise software provider’s stock worth $1,355,000 after buying an additional 175 shares during the period. Finally, Trust Co. of Toledo NA OH lifted its holdings in Oracle by 4.6% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 111,210 shares of the enterprise software provider’s stock valued at $15,703,000 after buying an additional 4,849 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.2 %

Shares of NYSE:ORCL opened at $184.84 on Friday. The business’s 50-day moving average is $177.45 and its 200 day moving average is $151.80. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04. The firm has a market capitalization of $512.20 billion, a P/E ratio of 47.64, a P/E/G ratio of 3.41 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. On average, research analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. TD Cowen increased their price objective on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Sanford C. Bernstein increased their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

Oracle Company 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.