Oracle Corporation (NYSE:ORCL) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its stake in 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 and Exchange Commission. The firm owned 57,965 shares of the enterprise software provider's stock after buying an additional 25,569 shares during the period. Axxcess Wealth Management LLC's holdings in Oracle were worth $8,104,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle in the 4th quarter valued at $33,000. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the 1st quarter worth about $28,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Oracle during the 4th quarter worth about $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company'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 completion of the sale, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 450,366 shares of company stock worth $85,433,503 over the last quarter. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent research reports. Evercore ISI restated a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Citigroup restated an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Roth Capital restated a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $204.15.

Oracle Stock Performance

Shares of NYSE ORCL traded up $1.97 during trading hours on Wednesday, reaching $236.47. The stock had a trading volume of 10,824,366 shares, compared to its average volume of 10,235,009. The firm has a market cap of $664.20 billion, a price-to-earnings ratio of 54.49, a PEG ratio of 3.48 and a beta of 1.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $241.44. The firm has a 50-day moving average of $181.86 and a 200-day moving average of $165.14.

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

Oracle Announces Dividend

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

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.