Kingsview Wealth Management LLC Has $58.74 Million Stock Position in Oracle Co. (NYSE:ORCL)

Kingsview Wealth Management LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,701 shares of the enterprise software provider's stock after purchasing an additional 13,782 shares during the quarter. Oracle comprises approximately 1.2% of Kingsview Wealth Management LLC's portfolio, making the stock its 11th biggest position. Kingsview Wealth Management LLC's holdings in Oracle were worth $58,737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Janus Henderson Group PLC grew its holdings in Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. grew its holdings in Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider's stock valued at $552,262,000 after purchasing an additional 2,219,450 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Oracle by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider's stock valued at $532,920,000 after purchasing an additional 2,093,893 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after purchasing an additional 2,052,275 shares during the last quarter. Finally, Altshuler Shaham Ltd lifted its position in shares of Oracle by 5,853.1% in the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock valued at $219,224,000 after acquiring an additional 1,526,500 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Oracle stock traded down $0.14 during mid-day trading on Friday, hitting $192.29. 6,879,447 shares of the company's stock traded hands, compared to its average volume of 6,824,324. The firm has a 50 day moving average price of $175.62 and a 200 day moving average price of $149.20. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $532.85 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 3.55 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $196.04.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly 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 analysts' expectations of $13.23 billion. During the same period last year, the firm earned $0.95 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle's payout ratio is 41.24%.

Analysts Set New Price Targets

Several analysts have recently issued reports on ORCL shares. Evercore ISI upped their price objective on Oracle from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Guggenheim upped their price objective on Oracle from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Melius Research upgraded Oracle from a "hold" rating to a "buy" rating in a research report on Monday, September 16th. TD Cowen increased their target price on Oracle from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Finally, Barclays increased their target price on Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.52.

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.