Cypress Wealth Services LLC Sells 530 Shares of Oracle Co. (NYSE:ORCL)

Cypress Wealth Services LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 9.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,057 shares of the enterprise software provider’s stock after selling 530 shares during the quarter. Cypress Wealth Services LLC’s holdings in Oracle were worth $707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter worth $25,000. Sunbeam Capital Management LLC purchased a new stake in Oracle in the fourth quarter worth $30,000. Hurley Capital LLC bought a new stake in shares of Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. grew its holdings in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORCL has been the subject of several analyst reports. Cantor Fitzgerald cut their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Barclays lowered their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Piper Sandler restated a “neutral” rating and issued a $130.00 target price (down previously from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. BMO Capital Markets decreased their target price on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 11th. Finally, Wall Street Zen cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.42.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now directly owns 31,764 shares of the company’s stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock worth $4,015,723 over the last quarter. Company insiders own 42.20% of the company’s stock.

Oracle Trading Down 0.6%

NYSE:ORCL opened at $168.17 on Thursday. The stock has a market cap of $470.36 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 3.46 and a beta of 1.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company’s 50 day moving average price is $145.94 and its 200-day moving average price is $160.87. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the company posted $1.41 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.19%. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s payout ratio is presently 46.95%.

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.