Oracle Co. (NYSE:ORCL) Shares Acquired by Cypress Wealth Services LLC

Cypress Wealth Services LLC lifted its position in Oracle Co. (NYSE:ORCL) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,749 shares of the enterprise software provider’s stock after acquiring an additional 127 shares during the period. Cypress Wealth Services LLC’s holdings in Oracle were worth $980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Visionary Wealth Advisors boosted its position in shares of Oracle by 29.5% during the 4th quarter. Visionary Wealth Advisors now owns 10,939 shares of the enterprise software provider’s stock valued at $1,153,000 after acquiring an additional 2,494 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Oracle in the 4th quarter valued at approximately $608,000. Hancock Whitney Corp raised its position in shares of Oracle by 12.7% during the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares during the period. BOKF NA lifted its holdings in Oracle by 0.6% in the fourth quarter. BOKF NA now owns 102,830 shares of the enterprise software provider’s stock valued at $10,841,000 after acquiring an additional 649 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its position in Oracle by 21.4% in the fourth quarter. Jacobi Capital Management LLC now owns 13,095 shares of the enterprise software provider’s stock worth $1,381,000 after acquiring an additional 2,310 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Down 1.4 %

Shares of ORCL traded down $2.58 during trading hours on Thursday, reaching $175.71. The stock had a trading volume of 834,853 shares, compared to its average volume of 8,517,670. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $484.23 billion, a P/E ratio of 48.03, a P/E/G ratio of 3.09 and a beta of 1.01. The firm has a 50-day moving average of $150.03 and a 200 day moving average of $136.15.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. On average, sell-side analysts expect that Oracle Co. 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, October 24th. Investors of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Guggenheim increased their price target on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Bank of America raised their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft increased their price objective on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. UBS Group lifted their target price on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Sanford C. Bernstein upped their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.42.

Insider Buying and Selling

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,146,320 shares of company stock valued at $164,762,400 over the last 90 days. 42.80% of the stock is owned by corporate 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.