Woodstock Corp Has $26.29 Million Stock Holdings in Oracle Corporation $ORCL

Key Points

• Woodstock Corp increased its holdings in Oracle Corporation by 1.5%, now owning 120,238 shares valued at approximately $26.29 million.
• Oracle recently declared a quarterly dividend of $0.50 per share, with a dividend yield of 0.7%.
• Several analysts have raised their price targets for Oracle, with new objectives ranging from $310 to $377, reflecting positive investor sentiment.

Woodstock Corp raised its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 120,238 shares of the enterprise software provider's stock after purchasing an additional 1,720 shares during the quarter. Oracle comprises 2.4% of Woodstock Corp's portfolio, making the stock its 8th largest holding. Woodstock Corp's holdings in Oracle were worth $26,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle in the first quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle in the first quarter valued at $28,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the fourth quarter valued at $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Trading Up 3.4%

Shares of NYSE:ORCL opened at $302.10 on Tuesday. The company has a market cap of $858.48 billion, a P/E ratio of 69.93, a P/E/G ratio of 3.16 and a beta of 1.46. The stock's 50-day moving average is $246.08 and its 200-day moving average is $191.63. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is currently 46.30%.

Insiders Place Their Bets

In related news, Director Rona Alison Fairhead bought 480 shares of Oracle stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated 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 sale, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,183 shares of company stock valued at $7,141,698. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORCL. Melius Research increased their price objective on Oracle from $270.00 to $370.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. The Goldman Sachs Group increased their price objective on Oracle from $195.00 to $310.00 and gave the stock a "neutral" rating in a report on Monday. Guggenheim increased their price objective on Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Jefferies Financial Group increased their price objective on Oracle from $270.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, BNP Paribas set a $377.00 price objective on Oracle in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $303.44.

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.

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