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

Kestra Investment Management LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,686 shares of the enterprise software provider’s stock, valued at approximately $3,866,000.

Several other large investors have also recently made changes to their positions in ORCL. Fisher Asset Management LLC raised its stake in Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after buying an additional 310,709 shares during the last quarter. Legal & General Group Plc raised its position in shares of Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after purchasing an additional 296,866 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Oracle by 6.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,474,912 shares of the enterprise software provider’s stock worth $1,955,325,000 after purchasing an additional 691,193 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Oracle by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after purchasing an additional 424,500 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Oracle by 0.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock valued at $1,015,862,000 after purchasing an additional 66,444 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s 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 approximately $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Up 1.2 %

Shares of ORCL stock opened at $184.84 on Friday. The stock has a fifty day simple moving average of $177.45 and a two-hundred day simple moving average of $151.80. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $196.04. The firm has a market capitalization of $512.20 billion, a PE ratio of 47.64, a PEG ratio of 3.41 and a beta of 1.02. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last issued its earnings results 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the company earned $0.95 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ORCL. Morgan Stanley upped their target price on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Jefferies Financial Group increased their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Oppenheimer restated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Piper Sandler increased their price objective on Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.