Kovack Advisors Inc. Grows Stake in Oracle Co. (NYSE:ORCL)

Kovack Advisors Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,358 shares of the enterprise software provider’s stock after purchasing an additional 360 shares during the quarter. Oracle makes up 0.6% of Kovack Advisors Inc.’s portfolio, making the stock its 24th biggest holding. Kovack Advisors Inc.’s holdings in Oracle were worth $5,309,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Orion Capital Management LLC bought a new stake in shares of Oracle in the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares during the last quarter. Spartan Planning & Wealth Management bought a new stake in shares of Oracle during the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted its stake in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its stake in shares of Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. BMO Capital Markets raised their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. HSBC lifted their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Piper Sandler cut their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is currently owned by insiders.

Oracle Stock Performance

ORCL traded up $2.32 on Friday, reaching $117.21. 8,253,920 shares of the stock were exchanged, compared to its average volume of 8,478,005. The firm has a market capitalization of $322.15 billion, a PE ratio of 30.93, a PEG ratio of 2.31 and a beta of 1.01. The company’s 50-day moving average price is $119.42 and its 200 day moving average price is $113.11. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. Oracle’s payout ratio is 42.22%.

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.