Transcend Capital Advisors LLC Has $5.29 Million Position in Oracle Corporation (NYSE:ORCL)

Transcend Capital Advisors LLC lifted its stake in Oracle Corporation (NYSE:ORCL) by 4.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,849 shares of the enterprise software provider’s stock after acquiring an additional 1,679 shares during the period. Transcend Capital Advisors LLC’s holdings in Oracle were worth $5,292,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Brighton Jones LLC boosted its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after acquiring an additional 100,494 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after buying an additional 404 shares during the last quarter. Advisor OS LLC raised its position in shares of Oracle by 20.0% during the fourth quarter. Advisor OS LLC now owns 3,678 shares of the enterprise software provider’s stock valued at $613,000 after buying an additional 612 shares during the last quarter. NewEdge Wealth LLC raised its position in Oracle by 291.9% in the fourth quarter. NewEdge Wealth LLC now owns 119,859 shares of the enterprise software provider’s stock worth $19,973,000 after purchasing an additional 89,278 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Oracle in the fourth quarter worth about $186,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 1.2%

Oracle stock opened at $213.28 on Friday. The firm has a market capitalization of $599.07 billion, a PE ratio of 49.14, a P/E/G ratio of 3.16 and a beta of 1.32. The company’s 50-day moving average is $166.79 and its 200-day moving average is $162.13. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.93. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. Sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. CIBC reissued a “buy” rating on shares of Oracle in a report on Monday, June 9th. Stephens started coverage on shares of Oracle in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target on the stock. KeyCorp increased their price target on shares of Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, June 12th. Bank of America raised their price objective on shares of Oracle from $156.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, June 12th. Finally, Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $197.67.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider now directly owns 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,366 shares of company stock worth $83,395,223. Company insiders own 42.20% of the company’s stock.

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.