Woodstock Corp Has $26.29 Million Stake in Oracle Corporation $ORCL

Woodstock Corp lifted its stake in Oracle Corporation (NYSE:ORCL) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,238 shares of the enterprise software provider’s stock after buying an additional 1,720 shares during the period. Oracle comprises 2.4% of Woodstock Corp’s portfolio, making the stock its 8th biggest holding. Woodstock Corp’s holdings in Oracle were worth $26,288,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sunbeam Capital Management LLC bought a new position in Oracle during the fourth quarter worth about $30,000. Redmont Wealth Advisors LLC bought a new position in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new position in Oracle during the first quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle during the fourth quarter worth about $36,000. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ORCL shares. KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, June 12th. Evercore ISI raised their price target on shares of Oracle from $270.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. Raymond James Financial restated a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, Berenberg Bank lifted their target price on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $303.44.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company’s stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maria Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,183 shares of company stock worth $7,141,698. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

NYSE:ORCL opened at $302.10 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The stock has a market capitalization of $858.48 billion, a P/E ratio of 69.93, a price-to-earnings-growth ratio of 3.16 and a beta of 1.46. The firm has a 50 day moving average of $246.08 and a 200-day moving average of $191.63. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle’s dividend payout ratio (DPR) is currently 46.30%.

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.