Oracle Corporation (NYSE:ORCL) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its position in shares of Oracle Corporation (NYSE:ORCL) by 109.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 39,548 shares of the enterprise software provider’s stock after acquiring an additional 20,629 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Oracle were worth $5,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $30,000. Hurley Capital LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $34,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $207.85 on Wednesday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. The business has a 50 day simple moving average of $155.97 and a 200-day simple moving average of $160.82. The firm has a market capitalization of $581.34 billion, a PE ratio of 47.89, a price-to-earnings-growth ratio of 3.13 and a beta of 1.32. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.60.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the prior year, the firm posted $1.63 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio is presently 46.08%.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 427,366 shares of company stock worth $80,183,723. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. Guggenheim restated a “buy” rating and issued a $220.00 price target on shares of Oracle in a research note on Thursday, June 12th. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Mizuho cut their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Westpark Capital lifted their price target on Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Finally, Stephens began coverage on Oracle in a research note on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price target for the company. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $194.32.

Oracle 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.