AXS Investments LLC Sells 7,299 Shares of Oracle Co. (NYSE:ORCL)

AXS Investments LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 13.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,644 shares of the enterprise software provider’s stock after selling 7,299 shares during the quarter. Oracle makes up approximately 1.2% of AXS Investments LLC’s holdings, making the stock its 12th biggest holding. AXS Investments LLC’s holdings in Oracle were worth $4,812,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Invst LLC grew its holdings in Oracle by 2.7% during the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after acquiring an additional 86 shares in the last quarter. Nemes Rush Group LLC increased its holdings in Oracle by 1.2% in the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after buying an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC raised its stake in Oracle by 1.1% in the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after buying an additional 90 shares in the last quarter. Sovereign Financial Group Inc. raised its stake in Oracle by 2.9% in the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after buying an additional 90 shares in the last quarter. Finally, Bison Wealth LLC lifted its holdings in Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after buying an additional 91 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ORCL shares. The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. HSBC boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. KeyCorp initiated coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective on the stock. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Price Performance

Shares of NYSE ORCL traded down $0.51 during midday trading on Thursday, hitting $124.09. The company had a trading volume of 6,017,418 shares, compared to its average volume of 7,986,000. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The business has a 50-day simple moving average of $121.40 and a two-hundred day simple moving average of $114.83. Oracle Co. has a twelve month low of $97.29 and a twelve month high of $132.77. The firm has a market capitalization of $341.06 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.90 and a beta of 1.03.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. Equities research analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.29%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Insider Activity

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now owns 87,473 shares in the company, valued at $10,299,071.02. The disclosure for this sale can be found here. Insiders sold a total of 880,000 shares of company stock worth $110,488,150 over the last 90 days. 42.80% of the stock is currently owned by corporate insiders.

About Oracle

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.