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

Cypress Wealth Services LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,303 shares of the enterprise software provider’s stock after buying an additional 148 shares during the quarter. Cypress Wealth Services LLC’s holdings in Oracle were worth $666,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ORCL. Federated Hermes Inc. lifted its holdings in shares of Oracle by 39.8% in the third quarter. Federated Hermes Inc. now owns 46,305 shares of the enterprise software provider’s stock valued at $4,905,000 after purchasing an additional 13,183 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Oracle by 39.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,991 shares of the enterprise software provider’s stock valued at $846,000 after buying an additional 2,276 shares during the period. Mather Group LLC. lifted its holdings in shares of Oracle by 4.1% during the 3rd quarter. Mather Group LLC. now owns 23,526 shares of the enterprise software provider’s stock worth $2,492,000 after acquiring an additional 930 shares during the period. Westover Capital Advisors LLC acquired a new stake in shares of Oracle in the third quarter worth approximately $250,000. Finally, Synovus Financial Corp grew its holdings in Oracle by 3.3% in the third quarter. Synovus Financial Corp now owns 135,619 shares of the enterprise software provider’s stock valued at $14,365,000 after purchasing an additional 4,282 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 1.4 %

NYSE:ORCL traded up $1.96 during trading hours on Friday, reaching $142.14. The company’s stock had a trading volume of 4,553,077 shares, compared to its average volume of 8,552,147. 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 market cap of $391.72 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $145.32. The business’s 50-day moving average is $124.23 and its 200-day moving average is $117.62.

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

Oracle Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have weighed in on ORCL. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. JMP Securities restated a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Oppenheimer initiated coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 target price on shares of Oracle in a research note on Tuesday. Finally, Evercore ISI raised their price objective on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.83.

Insider Activity at Oracle

In other news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Edward Screven sold 235,918 shares of the firm’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 transaction of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Insiders sold a total of 385,639 shares of company stock worth $53,002,729 in the last ninety days. 42.80% of the stock is currently owned by insiders.

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.