Axxcess Wealth Management LLC Increases Holdings in Oracle Co. (NYSE:ORCL)

Axxcess Wealth Management LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,203 shares of the enterprise software provider’s stock after buying an additional 1,745 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Oracle were worth $3,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter valued at about $27,000. Monetta Financial Services Inc. acquired a new stake in Oracle during the second quarter worth about $1,059,000. Plancorp LLC raised its position in Oracle by 2.6% during the second quarter. Plancorp LLC now owns 7,867 shares of the enterprise software provider’s stock valued at $1,111,000 after acquiring an additional 198 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in Oracle by 1.4% in the second quarter. Stock Yards Bank & Trust Co. now owns 316,148 shares of the enterprise software provider’s stock valued at $44,640,000 after acquiring an additional 4,354 shares during the period. Finally, Alpha Financial Partners LLC boosted its position in Oracle by 6.2% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,954 shares of the enterprise software provider’s stock worth $276,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Barclays upped their price objective on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Jefferies Financial Group raised their target price on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday. Sanford C. Bernstein lifted their price target on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, TD Cowen increased their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $163.88.

Oracle Stock Down 1.7 %

Shares of ORCL opened at $167.47 on Wednesday. The stock has a fifty day simple moving average of $140.89 and a two-hundred day simple moving average of $130.95. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $464.05 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.99.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. As a group, equities analysts forecast that Oracle Co. will post 5.06 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio is presently 43.13%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,868,820 shares of company stock valued at $267,819,424 over the last quarter. 42.80% of the stock is owned by insiders.

Oracle Company 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.