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

Axxcess Wealth Management LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 23.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,396 shares of the enterprise software provider’s stock after purchasing an additional 6,116 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Oracle were worth $5,399,000 as of its most recent filing with the SEC.

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

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ORCL. JMP Securities reissued a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Jefferies Financial Group upped their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. KeyCorp reaffirmed an “overweight” rating and set a $200.00 price target on shares of Oracle in a research note on Tuesday, March 11th. JPMorgan Chase & Co. cut their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $179.71.

Oracle Stock Performance

NYSE:ORCL opened at $149.48 on Wednesday. The firm’s fifty day simple moving average is $165.32 and its 200 day simple moving average is $170.01. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The firm has a market capitalization of $418.10 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 EPS. As a group, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

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

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.