Transcend Capital Advisors LLC Sells 576 Shares of Oracle Co. (NYSE:ORCL)

Transcend Capital Advisors LLC cut its position in Oracle Co. (NYSE:ORCL) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,170 shares of the enterprise software provider’s stock after selling 576 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Oracle were worth $6,027,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Group Ltd. bought a new stake in shares of Oracle in the 3rd quarter valued at about $222,000. Howard Capital Management Group LLC raised its stake in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after buying an additional 883 shares during the period. Stanley Laman Group Ltd. boosted its stake in shares of Oracle by 43.5% during the 3rd quarter. Stanley Laman Group Ltd. now owns 2,582 shares of the enterprise software provider’s stock worth $440,000 after acquiring an additional 783 shares during the period. Private Advisor Group LLC increased its holdings in shares of Oracle by 1.1% during the 3rd quarter. Private Advisor Group LLC now owns 117,127 shares of the enterprise software provider’s stock worth $19,958,000 after acquiring an additional 1,330 shares during the last quarter. Finally, Wallington Asset Management LLC bought a new stake in Oracle in the 3rd quarter valued at $222,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. KeyCorp upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Mizuho increased their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Jefferies Financial Group raised their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Piper Sandler upped their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Trading Down 3.0 %

Shares of ORCL opened at $176.01 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The firm has a market cap of $492.30 billion, a price-to-earnings ratio of 43.04, a PEG ratio of 3.57 and a beta of 1.05. The business’s fifty day moving average is $169.10 and its 200-day moving average is $166.74.

Oracle (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. Oracle’s dividend payout ratio is currently 39.12%.

Oracle 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.