Oracle Corporation (NYSE:ORCL) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC boosted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,849 shares of the enterprise software provider's stock after purchasing 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.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Oracle by 10.4% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,539 shares of the enterprise software provider's stock valued at $465,000 after buying an additional 333 shares during the last quarter. Park Place Capital Corp boosted its holdings in Oracle by 7.5% in the first quarter. Park Place Capital Corp now owns 1,283 shares of the enterprise software provider's stock valued at $179,000 after purchasing an additional 90 shares during the last quarter. Beacon Financial Advisory LLC grew its stake in Oracle by 9.0% during the 1st quarter. Beacon Financial Advisory LLC now owns 4,783 shares of the enterprise software provider's stock valued at $669,000 after purchasing an additional 395 shares in the last quarter. Tanager Wealth Management LLP grew its stake in Oracle by 34.7% during the 1st quarter. Tanager Wealth Management LLP now owns 2,831 shares of the enterprise software provider's stock valued at $396,000 after purchasing an additional 730 shares in the last quarter. Finally, Perpetual Ltd raised its position in shares of Oracle by 46.9% in the 1st quarter. Perpetual Ltd now owns 1,286,415 shares of the enterprise software provider's stock valued at $179,854,000 after purchasing an additional 410,590 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent analyst reports. Piper Sandler reissued a "neutral" rating and set a $130.00 price target on shares of Oracle in a research report on Wednesday, June 11th. Jefferies Financial Group raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Mizuho cut their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Bank of America upped their target price 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. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $197.67.

Oracle Price Performance

Shares of NYSE:ORCL opened at $213.28 on Friday. The stock has a market cap of $599.07 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 3.16 and a beta of 1.32. 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 Corporation has a 12 month low of $118.86 and a 12 month high of $216.93. The stock's 50 day moving average price is $166.79 and its 200 day moving average price is $162.13.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter last year, the business posted $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Activity at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider now directly owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock worth $83,395,223 in the last quarter. 42.20% 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.

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