Kestra Advisory Services LLC Sells 104,470 Shares of Oracle Co. (NYSE:ORCL)

Kestra Advisory Services LLC reduced its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 31.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,919 shares of the enterprise software provider's stock after selling 104,470 shares during the quarter. Kestra Advisory Services LLC's holdings in Oracle were worth $37,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management raised its position in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after acquiring an additional 56 shares in the last quarter. Second Line Capital LLC raised its position in shares of Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock valued at $650,000 after purchasing an additional 58 shares during the period. Cadence Bank raised its position in shares of Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock valued at $1,296,000 after purchasing an additional 59 shares during the period. Requisite Capital Management LLC raised its position in shares of Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after purchasing an additional 60 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its position in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the period. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. DA Davidson reissued a "neutral" rating and issued a $150.00 price objective on shares of Oracle in a research report on Tuesday. Bank of America dropped their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday. Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Cantor Fitzgerald decreased their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Evercore ISI decreased their target price on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a report on Tuesday. Twelve research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.71.

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Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This represents a 23.58 % 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. Company insiders own 42.20% of the company's stock.

Oracle Trading Up 1.2 %

ORCL stock opened at $149.36 on Friday. The firm's fifty day simple moving average is $165.80 and its two-hundred day simple moving average is $169.41. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $417.76 billion, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 earnings per share. As a group, analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. Oracle's dividend payout ratio is presently 39.12%.

About Oracle

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.

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