Oracle Corporation (NYSE:ORCL) Stock Position Lifted by Axxcess Wealth Management LLC

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

Several other institutional investors and hedge funds also recently modified their holdings of the business. Greenwood Gearhart Inc. lifted its holdings in shares of Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after buying an additional 66 shares during the period. WorthPointe LLC lifted its holdings in shares of Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after buying an additional 67 shares during the period. Stage Harbor Financial LLC lifted its holdings in shares of Oracle by 5.0% in the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after buying an additional 68 shares during the period. J. L. Bainbridge & Co. Inc. lifted its holdings in shares of Oracle by 5.5% in the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after buying an additional 70 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its holdings in shares of Oracle by 0.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after buying an additional 70 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Stock Up 1.0%

ORCL opened at $234.62 on Wednesday. The business has a 50 day moving average price of $181.86 and a 200 day moving average price of $165.14. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $659.01 billion, a P/E ratio of 54.06, a price-to-earnings-growth ratio of 3.48 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results 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 return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the company earned $1.63 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. Research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. 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 currently 46.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Cantor Fitzgerald reduced their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Royal Bank Of Canada upped their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and set a $221.00 target price (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Cowen reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Finally, UBS Group set a $250.00 target price on Oracle and gave the company a "buy" rating in a report on Wednesday, June 25th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $204.15.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director directly owned 31,764 shares of the company's stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of Oracle 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 in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 450,366 shares of company stock worth $85,433,503. 42.20% of the stock is currently owned by company 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.

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