Axxcess Wealth Management LLC Has $8.10 Million Stake in Oracle Corporation (NYSE:ORCL)

Axxcess Wealth Management LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 78.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,965 shares of the enterprise software provider's stock after acquiring an additional 25,569 shares during the period. Axxcess Wealth Management LLC's holdings in Oracle were worth $8,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Redmont Wealth Advisors LLC bought a new stake in Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the first quarter worth $28,000. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter worth $30,000. Hurley Capital LLC bought a new stake in Oracle in the fourth quarter worth $33,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle in the fourth quarter worth $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ORCL shares. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. JMP Securities set a $240.00 price target on shares of Oracle and gave the company a "market outperform" rating in a report on Thursday, June 12th. Royal Bank Of Canada upped their price target on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. TD Cowen upped their price target on shares of Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, CIBC restated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $209.33.

Oracle Price Performance

NYSE ORCL traded down $0.73 during trading on Thursday, reaching $235.08. 11,470,190 shares of the company traded hands, compared to its average volume of 10,239,208. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $241.44. The company has a market cap of $660.30 billion, a price-to-earnings ratio of 54.17, a P/E/G ratio of 3.53 and a beta of 1.39. The stock's 50 day moving average price is $185.56 and its two-hundred day moving average price is $166.09. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping 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 business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the prior year, the firm posted $1.63 EPS. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts anticipate 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, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. Oracle's payout ratio is presently 46.08%.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 17,500 shares of the 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 transaction, the director directly owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider directly owned 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 position. The disclosure for this sale can be found here. Insiders sold a total of 450,366 shares of company stock worth $85,433,503 in the last 90 days. 42.20% of the stock is owned by corporate insiders.

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.