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

Axxcess Wealth Management LLC decreased its holdings in Oracle Co. (NYSE:ORCLGet Rating) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,237 shares of the enterprise software provider’s stock after selling 175 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Oracle were worth $436,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ORCL. United Capital Financial Advisers LLC raised its holdings in shares of Oracle by 1.9% during the second quarter. United Capital Financial Advisers LLC now owns 821,319 shares of the enterprise software provider’s stock valued at $57,386,000 after acquiring an additional 15,249 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Oracle by 22.0% during the second quarter. Franklin Resources Inc. now owns 6,090,848 shares of the enterprise software provider’s stock valued at $425,567,000 after acquiring an additional 1,096,555 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Oracle by 16.1% during the second quarter. TCTC Holdings LLC now owns 1,720 shares of the enterprise software provider’s stock valued at $120,000 after acquiring an additional 238 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Oracle by 0.9% during the second quarter. Rhumbline Advisers now owns 2,929,885 shares of the enterprise software provider’s stock valued at $204,711,000 after acquiring an additional 25,783 shares during the last quarter. Finally, Primecap Management Co. CA raised its holdings in shares of Oracle by 16.4% during the second quarter. Primecap Management Co. CA now owns 12,019,801 shares of the enterprise software provider’s stock valued at $839,823,000 after acquiring an additional 1,693,271 shares during the last quarter. Institutional investors and hedge funds own 41.92% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $82.56 on Thursday. Oracle Co. has a 1-year low of $60.78 and a 1-year high of $106.34. The stock has a market cap of $222.60 billion, a PE ratio of 39.31, a P/E/G ratio of 2.50 and a beta of 1.02. The stock’s fifty day moving average is $70.76 and its two-hundred day moving average is $72.12.

Oracle (NYSE:ORCLGet Rating) last posted its quarterly earnings results on Monday, September 12th. The enterprise software provider reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.07). The business had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.44 billion. Oracle had a net margin of 13.15% and a negative return on equity of 161.07%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. On average, research analysts expect that Oracle Co. will post 4.11 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 25th. Shareholders of record on Wednesday, October 12th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, October 11th. Oracle’s payout ratio is 60.95%.

Insiders Place Their Bets

In other Oracle news, Director Michael J. Boskin sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $80.08, for a total transaction of $7,207,200.00. Following the transaction, the director now owns 82,607 shares of the company’s stock, valued at $6,615,168.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Edward Screven sold 200,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $74.90, for a total transaction of $14,980,000.00. Following the transaction, the insider now owns 2,543,033 shares of the company’s stock, valued at $190,473,171.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael J. Boskin sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $80.08, for a total value of $7,207,200.00. Following the transaction, the director now directly owns 82,607 shares in the company, valued at approximately $6,615,168.56. The disclosure for this sale can be found here. Corporate insiders own 43.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on ORCL shares. JPMorgan Chase & Co. set a $84.00 target price on Oracle in a report on Monday, November 14th. Barclays reduced their target price on Oracle from $82.00 to $70.00 and set an “equal weight” rating for the company in a report on Tuesday, October 18th. Credit Suisse Group set a $115.00 price target on Oracle in a research report on Tuesday, September 13th. Societe Generale dropped their price target on Oracle to $91.00 in a research report on Tuesday, September 20th. Finally, UBS Group set a $75.00 price target on Oracle in a research report on Tuesday, September 13th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Oracle has an average rating of “Hold” and a consensus target price of $88.58.

About Oracle

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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