Transcend Wealth Collective LLC Takes $1.75 Million Position in Oracle Co. (NYSE:ORCL)

Transcend Wealth Collective LLC acquired a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, Holdings Channel.com reports. The firm acquired 32,968 shares of the enterprise software provider’s stock, valued at approximately $1,747,000.

Several other large investors also recently modified their holdings of the company. ERTS Wealth Advisors LLC purchased a new position in Oracle in the fourth quarter valued at about $36,000. Equitable Holdings Inc. acquired a new stake in shares of Oracle during the 4th quarter worth approximately $236,000. Riverpoint Wealth Management Holdings LLC raised its position in shares of Oracle by 13.8% during the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 8,110 shares of the enterprise software provider’s stock worth $430,000 after purchasing an additional 986 shares during the period. Profund Advisors LLC raised its position in shares of Oracle by 17.9% during the 4th quarter. Profund Advisors LLC now owns 55,280 shares of the enterprise software provider’s stock worth $2,929,000 after purchasing an additional 8,391 shares during the period. Finally, Fort Pitt Capital Group LLC raised its position in shares of Oracle by 2.1% during the 4th quarter. Fort Pitt Capital Group LLC now owns 99,821 shares of the enterprise software provider’s stock worth $5,289,000 after purchasing an additional 2,013 shares during the period. Institutional investors and hedge funds own 51.90% of the company’s stock.

A number of analysts have recently weighed in on ORCL shares. Evercore ISI reiterated a “hold” rating and set a $55.00 price target on shares of Oracle in a research report on Sunday, December 15th. Raymond James lowered their target price on Oracle from $61.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. Goldman Sachs Group restated a “buy” rating and issued a $52.00 target price on shares of Oracle in a research report on Thursday. Wells Fargo & Co lowered their target price on Oracle from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Morgan Stanley lowered their target price on Oracle from $63.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.81.

Shares of ORCL stock traded up $4.54 during mid-day trading on Thursday, hitting $50.48. 22,417,252 shares of the stock traded hands, compared to its average volume of 14,198,283. Oracle Co. has a twelve month low of $39.71 and a twelve month high of $60.50. The firm has a market cap of $150.87 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The company’s 50-day simple moving average is $50.44 and its 200-day simple moving average is $53.59. The company has a debt-to-equity ratio of 3.31, a quick ratio of 2.12 and a current ratio of 2.12.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, March 12th. The enterprise software provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. Oracle had a return on equity of 64.68% and a net margin of 27.06%. The company had revenue of $9.80 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts forecast that Oracle Co. will post 3.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, April 8th. Oracle’s dividend payout ratio is presently 30.38%.

Oracle announced that its board has authorized a stock repurchase program on Thursday, March 12th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the enterprise software provider to repurchase up to 9.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In other news, Director Bruce R. Chizen sold 225,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $54.64, for a total transaction of $12,294,000.00. Following the completion of the sale, the director now directly owns 135,813 shares of the company’s stock, valued at approximately $7,420,822.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles W. Moorman acquired 10,000 shares of Oracle stock in a transaction dated Monday, March 23rd. The shares were bought at an average cost of $45.23 per share, with a total value of $452,300.00. Following the completion of the purchase, the director now owns 18,561 shares in the company, valued at $839,514.03. The disclosure for this purchase can be found here. Company insiders own 36.60% of the company’s stock.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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