KKM Financial LLC Purchases 1,076 Shares of Oracle Co. (NYSE:ORCL)

KKM Financial LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,000 shares of the enterprise software provider’s stock after acquiring an additional 1,076 shares during the period. Oracle makes up about 1.7% of KKM Financial LLC’s holdings, making the stock its 15th largest holding. KKM Financial LLC’s holdings in Oracle were worth $3,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. boosted its position in shares of Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after acquiring an additional 1,069 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares during the last quarter. Crews Bank & Trust purchased a new position in Oracle in the 4th quarter worth approximately $1,800,000. Boston Trust Walden Corp increased its holdings in shares of Oracle by 40.8% in the 4th quarter. Boston Trust Walden Corp now owns 564,030 shares of the enterprise software provider’s stock worth $93,990,000 after buying an additional 163,543 shares during the last quarter. Finally, Avanza Fonder AB purchased a new stake in shares of Oracle during the 4th quarter valued at $20,346,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ORCL shares. Citigroup cut their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Cantor Fitzgerald decreased their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. KeyCorp restated an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $174.42.

Oracle Price Performance

Shares of NYSE ORCL opened at $150.18 on Friday. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The stock has a market capitalization of $420.05 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.46 and a beta of 1.27. The company’s 50-day moving average is $142.12 and its 200 day moving average is $162.95. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.41 EPS. On average, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,366 shares of company stock worth $4,015,723. Insiders own 42.20% of the company’s stock.

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.