TCG Advisory Services LLC Grows Position in Oracle Co. (NYSE:ORCL)

TCG Advisory Services LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 85.9% in the fourth quarter, according to its most recent 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Sandy Spring Bank raised its stake in shares of Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after purchasing an additional 1,107 shares during the period. LVM Capital Management Ltd. MI lifted its holdings in Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares in the last quarter. Quantum Private Wealth LLC purchased a new position in Oracle in the 3rd quarter valued at about $229,000. Cooper Financial Group grew its stake in shares of Oracle by 43.4% during the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $171,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other news, Director George H. Conrades sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Oracle news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Up 0.7 %

NYSE:ORCL traded up $0.84 during trading hours on Friday, reaching $115.80. The company’s stock had a trading volume of 4,484,976 shares, compared to its average volume of 6,128,065. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $318.28 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03. Oracle Co. has a one year low of $94.41 and a one year high of $132.77. The business’s 50-day moving average is $119.91 and its 200-day moving average is $113.32.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is 42.22%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. BMO Capital Markets raised their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Oppenheimer started coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating on the stock. Finally, The Goldman Sachs Group upped their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.