Kingswood Wealth Advisors LLC Boosts Stock Holdings in Oracle Corporation (NYSE:ORCL)

Kingswood Wealth Advisors LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL) by 109.0% during the first quarter, Holdings Channel reports. The fund owned 39,548 shares of the enterprise software provider’s stock after acquiring an additional 20,629 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Oracle were worth $5,578,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ORCL. Norges Bank purchased a new position in Oracle in the fourth quarter valued at $2,216,314,000. Raymond James Financial Inc. purchased a new position in Oracle in the fourth quarter valued at $930,095,000. GAMMA Investing LLC increased its holdings in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock valued at $664,810,000 after buying an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock valued at $2,303,858,000 after buying an additional 2,350,448 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after buying an additional 2,296,069 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider now owns 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,366 shares of company stock valued at $80,183,723. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of ORCL opened at $207.85 on Wednesday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.60. The stock’s 50 day moving average is $155.97 and its two-hundred day moving average is $160.82. The firm has a market capitalization of $581.34 billion, a PE ratio of 47.89, a P/E/G ratio of 3.13 and a beta of 1.32. The company has a current ratio of 0.75, a quick ratio of 1.02 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders 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%.

Analysts Set New Price Targets

Several equities analysts recently commented on ORCL shares. Stephens started coverage on Oracle in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $195.00 target price (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Cantor Fitzgerald dropped their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Westpark Capital increased their target price on Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Finally, Cowen reaffirmed a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.