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 the business. United Capital Financial Advisers LLC raised its holdings in Oracle by 1.9% in the 2nd quarter. United Capital Financial Advisers LLC now owns 821,319 shares of the enterprise software provider’s stock worth $57,386,000 after purchasing an additional 15,249 shares during the period. 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.

Analyst Ratings Changes

A number of equities analysts have commented on ORCL shares. Evercore ISI increased their target price on Oracle from $78.00 to $87.00 and gave the company an “in-line” rating in a report on Tuesday, September 13th. Piper Sandler raised Oracle from an “underweight” rating to a “neutral” rating and set a $70.00 target price for the company in a report on Wednesday, October 19th. Credit Suisse Group set a $115.00 target price on Oracle in a report on Tuesday, September 13th. Berenberg Bank started coverage on Oracle in a report on Wednesday, September 14th. They set a “hold” rating and a $72.00 target price for the company. Finally, Jefferies Financial Group dropped their price target on Oracle from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, October 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Oracle has a consensus rating of “Hold” and an average price target of $88.58.

Insider Activity

In other Oracle news, Director Michael J. Boskin sold 90,000 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 82,607 shares in the company, valued at $6,615,168.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Oracle 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Insiders own 43.70% of the company’s stock.

Oracle Trading Up 0.5 %

Shares of NYSE ORCL opened at $82.56 on Thursday. The stock has a market cap of $222.60 billion, a P/E ratio of 39.31, a PEG ratio of 2.50 and a beta of 1.02. Oracle Co. has a 12-month low of $60.78 and a 12-month high of $106.34. The business’s fifty day simple moving average is $70.76 and its 200-day simple moving average is $72.12.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings data on Monday, September 12th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.07). The company 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 revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 earnings per share. On average, equities analysts forecast that Oracle Co. will post 4.11 EPS for the current fiscal year.

Oracle Dividend Announcement

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

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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