Cypress Wealth Services LLC Has $666,000 Stake in Oracle Co. (NYSE:ORCL)

Cypress Wealth Services LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,303 shares of the enterprise software provider’s stock after acquiring an additional 148 shares during the period. Cypress Wealth Services LLC’s holdings in Oracle were worth $666,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Invst LLC increased its position in shares of Oracle by 2.7% during the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after acquiring an additional 86 shares in the last quarter. Nemes Rush Group LLC increased its stake in shares of Oracle by 1.2% during the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after purchasing an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC raised its holdings in shares of Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after purchasing an additional 90 shares during the period. Sovereign Financial Group Inc. lifted its stake in Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after purchasing an additional 90 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. grew its holdings in Oracle by 0.3% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock worth $3,525,000 after purchasing an additional 90 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORCL. Deutsche Bank Aktiengesellschaft boosted their target price on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Citigroup reduced their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. The Goldman Sachs Group lifted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. TD Cowen increased their target price on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, HSBC increased their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Trading Up 1.4 %

Oracle stock traded up $1.96 during trading hours on Friday, reaching $142.14. The company had a trading volume of 4,553,077 shares, compared to its average volume of 8,552,147. The firm has a market cap of $391.72 billion, a price-to-earnings ratio of 38.47, a P/E/G ratio of 2.51 and a beta of 1.01. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $145.32. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The company has a 50-day moving average price of $124.23 and a 200 day moving average price of $117.62.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.35 EPS. Equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity at Oracle

In related news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 385,639 shares of company stock valued at $53,002,729 in the last 90 days. Corporate insiders own 42.80% of the company’s stock.

About Oracle

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.