Woodstock Corp Has $30.91 Million Holdings in Oracle Corporation $ORCL

Woodstock Corp lessened its holdings in Oracle Corporation (NYSE:ORCL) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,921 shares of the enterprise software provider’s stock after selling 10,317 shares during the period. Oracle comprises approximately 2.7% of Woodstock Corp’s holdings, making the stock its 7th biggest position. Woodstock Corp’s holdings in Oracle were worth $30,914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank raised its position in shares of Oracle by 7.6% during the 2nd quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock valued at $1,113,526,000 after purchasing an additional 360,000 shares during the period. Private Wealth Asset Management LLC increased its stake in Oracle by 9.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock worth $835,000 after buying an additional 321 shares in the last quarter. Soltis Investment Advisors LLC raised its holdings in Oracle by 4.8% during the second quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock valued at $7,201,000 after acquiring an additional 1,515 shares during the period. Cascade Investment Group Inc. purchased a new position in shares of Oracle in the second quarter valued at about $239,000. Finally, Lockerman Financial Group Inc. bought a new position in shares of Oracle in the second quarter worth about $328,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $178.46 on Thursday. The firm has a fifty day simple moving average of $239.32 and a two-hundred day simple moving average of $241.81. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $512.74 billion, a P/E ratio of 33.55, a PEG ratio of 1.70 and a beta of 1.66.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.62. The firm had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 EPS. On average, analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a $0.50 dividend. The ex-dividend date is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Oracle’s payout ratio is 37.59%.

Insider Activity

In other news, EVP Maria Smith sold 5,000 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total value of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares of the company’s stock, valued at approximately $13,212,431.46. This represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the sale, the chief executive officer owned 154,030 shares of the company’s stock, valued at $42,610,859.20. This trade represents a 20.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 155,190 shares of company stock worth $45,279,001. Company insiders own 40.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ORCL shares. Stifel Nicolaus decreased their target price on Oracle from $350.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Mizuho set a $400.00 price objective on shares of Oracle in a report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Oracle from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Rothschild & Co Redburn began coverage on shares of Oracle in a research note on Thursday, September 25th. They set a “sell” rating and a $175.00 target price for the company. Finally, Cowen reiterated a “buy” rating on shares of Oracle in a report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $302.92.

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.