Axxcess Wealth Management LLC Acquires 850 Shares of Oracle Corporation $ORCL

Key Points

• Axxcess Wealth Management LLC increased its stake in Oracle Corporation by 1.5%, acquiring 850 additional shares, bringing its total holdings to 58,815 shares valued at approximately $12.86 million.
• Insider Naomi O. Seligman sold 3,303 shares of Oracle, while insider Clayton M. Magouyrk sold 21,241 shares, indicating a reduction in their respective positions by 9.51% and 21.40%.
• Oracle announced a quarterly dividend of $0.50 per share, with an ex-dividend date set for October 9th, representing an annualized yield of 0.6% based on a payout ratio of 46.30%.

Axxcess Wealth Management LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,815 shares of the enterprise software provider's stock after buying an additional 850 shares during the quarter. Axxcess Wealth Management LLC's holdings in Oracle were worth $12,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew its holdings in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in Oracle during the 2nd quarter valued at approximately $34,000. Finally, HighMark Wealth Management LLC purchased a new stake in Oracle during the 2nd quarter valued at approximately $38,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 21,241 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $297.11, for a total value of $6,310,913.51. Following the transaction, the insider owned 78,000 shares of the company's stock, valued at approximately $23,174,580. The trade was a 21.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,314 shares of company stock worth $31,272,223 in the last 90 days. Company insiders own 40.90% of the company's stock.

Oracle Price Performance

Shares of Oracle stock opened at $308.14 on Tuesday. The stock has a market cap of $878.43 billion, a price-to-earnings ratio of 71.33, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a 50 day moving average price of $267.80 and a 200-day moving average price of $211.91. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The company had revenue of $14.93 billion during the quarter, compared to analysts' expectations of $15.04 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.Oracle's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. Equities analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. Oracle's payout ratio is 46.30%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. William Blair reaffirmed an "outperform" rating on shares of Oracle in a research note on Monday, September 22nd. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. JMP Securities reaffirmed a "market outperform" rating and issued a $342.00 price objective on shares of Oracle in a research note on Wednesday, September 24th. Finally, Bank of America raised Oracle from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $295.00 to $368.00 in a research note on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $307.00.

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.

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