Cypress Wealth Services LLC Reduces Stock Holdings in Oracle Co. (NYSE:ORCL)

Cypress Wealth Services LLC lowered its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,587 shares of the enterprise software provider’s stock after selling 162 shares during the quarter. Cypress Wealth Services LLC’s holdings in Oracle were worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ORCL. Activest Wealth Management increased its holdings in Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares during the last quarter. Second Line Capital LLC grew its position in shares of Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after acquiring an additional 58 shares during the period. Cadence Bank raised its holdings in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after purchasing an additional 59 shares during the period. Eagle Rock Investment Company LLC increased its position in Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after buying an additional 64 shares in the last quarter. Finally, W Advisors LLC raised its stake in shares of Oracle by 3.1% in the third quarter. W Advisors LLC now owns 2,158 shares of the enterprise software provider’s stock worth $368,000 after buying an additional 64 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.9 %

ORCL opened at $159.73 on Friday. Oracle Co. has a 12 month low of $105.68 and a 12 month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a 50-day moving average of $176.53 and a 200 day moving average of $161.22. The firm has a market cap of $446.76 billion, a P/E ratio of 39.05, a P/E/G ratio of 3.03 and a beta of 1.06.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the firm posted $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ORCL. DA Davidson boosted their price objective on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Piper Sandler increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley upped their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

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.