Oracle Co. (NYSE:ORCL) Stock Holdings Raised by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its stake in Oracle Co. (NYSE:ORCL) by 23.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 32,396 shares of the enterprise software provider’s stock after purchasing an additional 6,116 shares during the period. Axxcess Wealth Management LLC’s holdings in Oracle were worth $5,399,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC raised its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Synergy Investment Management LLC bought a new position in Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. boosted its holdings in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in Oracle during the fourth quarter valued at $47,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 2.9 %

Shares of Oracle stock opened at $149.48 on Wednesday. The business has a fifty day simple moving average of $165.32 and a 200-day simple moving average of $170.01. The firm has a market cap of $418.10 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the business posted $1.41 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ORCL. Morgan Stanley decreased their price target on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Bank of America decreased their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus dropped their price target on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald dropped their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Twelve investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.71.

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.