TCG Advisory Services LLC Buys 3,791 Shares of Oracle Co. (NYSE:ORCL)

TCG Advisory Services LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 85.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,206 shares of the enterprise software provider’s stock after purchasing an additional 3,791 shares during the quarter. TCG Advisory Services LLC’s holdings in Oracle were worth $865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sandy Spring Bank boosted its position in Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after buying an additional 1,107 shares during the period. LVM Capital Management Ltd. MI raised its stake in shares of Oracle by 3.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after acquiring an additional 200 shares during the last quarter. Quantum Private Wealth LLC purchased a new stake in shares of Oracle during the third quarter worth about $229,000. Cooper Financial Group grew its stake in shares of Oracle by 43.4% in the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new position in Oracle during the 4th quarter valued at about $171,000. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on 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 $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the transaction, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. 42.80% of the stock is owned by insiders.

Oracle Stock Up 0.7 %

Oracle stock traded up $0.84 during trading hours on Friday, hitting $115.80. The stock had a trading volume of 4,484,976 shares, compared to its average volume of 6,128,065. The stock’s 50-day moving average price is $119.91 and its 200-day moving average price is $113.32. Oracle Co. has a 12-month low of $94.41 and a 12-month high of $132.77. 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 stock has a market capitalization of $318.28 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.38%. Oracle’s payout ratio is 42.22%.

Analyst Ratings Changes

Several equities research analysts have weighed in on ORCL shares. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Oppenheimer started coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

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.