Transcend Capital Advisors LLC Purchases 447 Shares of Oracle Co. (NYSE:ORCL)

Transcend Capital Advisors LLC boosted its position in Oracle Co. (NYSE:ORCL) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,477 shares of the enterprise software provider’s stock after purchasing an additional 447 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Oracle were worth $3,740,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Unique Wealth Strategies LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $1,152,000. Precision Wealth Strategies LLC grew its stake in shares of Oracle by 4.1% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock worth $417,000 after acquiring an additional 155 shares during the last quarter. Consolidated Planning Corp grew its stake in shares of Oracle by 3.5% during the fourth quarter. Consolidated Planning Corp now owns 6,543 shares of the enterprise software provider’s stock worth $690,000 after acquiring an additional 221 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its stake in shares of Oracle by 4.0% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 7,776 shares of the enterprise software provider’s stock worth $820,000 after acquiring an additional 299 shares during the last quarter. Finally, Brio Consultants LLC grew its stake in shares of Oracle by 4.1% during the fourth quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after acquiring an additional 117 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 2.0 %

Shares of NYSE ORCL traded up $2.32 during midday trading on Friday, hitting $117.21. 8,355,111 shares of the company’s stock were exchanged, compared to its average volume of 5,810,524. The firm’s fifty day simple moving average is $119.42 and its 200-day simple moving average is $113.11. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $322.15 billion, a PE ratio of 30.93, a P/E/G ratio of 2.30 and a beta of 1.01. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ORCL shares. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Piper Sandler dropped their target price on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. The Goldman Sachs Group upped their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, HSBC upped their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $130.76.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on 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 approximately $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.80% of the stock is owned by company insiders.

Oracle Company Profile

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.