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

Axxcess Wealth Management LLC increased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 78.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the 1st quarter valued at $28,000. Sunbeam Capital Management LLC acquired a new stake in Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter valued at $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the 4th quarter valued at $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ORCL. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and lifted their price target for the company from $180.00 to $250.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Westpark Capital lifted their price target on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 price target on shares of Oracle in a research note on Tuesday, June 10th. Finally, Bank of America lifted their price target on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $209.33.

Oracle Stock Performance

Oracle stock traded up $0.96 during midday trading on Thursday, hitting $236.27. The company's stock had a trading volume of 6,800,468 shares, compared to its average volume of 12,297,276. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $241.44. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50-day moving average price of $183.77 and a two-hundred day moving average price of $165.63. The company has a market cap of $663.65 billion, a price-to-earnings ratio of 54.44, a PEG ratio of 3.51 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The business's revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Insider Buying and Selling

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 450,366 shares of company stock worth $85,433,503. 42.20% of the stock is owned by company insiders.

Oracle 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.