Woodstock Corp Has $16.57 Million Stock Position in Oracle Co. (NYSE:ORCL)

Woodstock Corp lifted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,518 shares of the enterprise software provider's stock after acquiring an additional 2,833 shares during the quarter. Oracle makes up 1.6% of Woodstock Corp's portfolio, making the stock its 16th biggest position. Woodstock Corp's holdings in Oracle were worth $16,570,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ORCL. Norges Bank purchased a new stake in shares of Oracle during the fourth quarter valued at $2,216,314,000. Raymond James Financial Inc. bought a new stake in Oracle during the 4th quarter valued at approximately $930,095,000. GAMMA Investing LLC increased its stake in Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Oracle by 20.5% in the 4th 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 worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company's stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now 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 disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 over the last three months. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 1.6%

Shares of ORCL traded up $2.69 during midday trading on Tuesday, reaching $169.26. 6,917,022 shares of the stock were exchanged, compared to its average volume of 9,508,509. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $473.40 billion, a price-to-earnings ratio of 41.38, a P/E/G ratio of 3.46 and a beta of 1.27. The firm has a 50 day simple moving average of $144.92 and a 200-day simple moving average of $160.76. Oracle Co. has a 12-month low of $117.34 and a 12-month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 EPS. Research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is 46.95%.

Wall Street Analyst Weigh In

ORCL has been the topic of several analyst reports. DA Davidson cut their target price on Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Citigroup decreased their price objective on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Guggenheim reaffirmed a "buy" rating and set a $220.00 target price on shares of Oracle in a research report on Thursday, April 3rd. Finally, Stephens assumed coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price on the stock. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $174.42.

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.