Oracle Co. (NYSE:ORCL) Stock Position Lifted by Cypress Capital Group

Cypress Capital Group boosted its stake in Oracle Co. (NYSE:ORCL) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,962 shares of the enterprise software provider’s stock after buying an additional 381 shares during the quarter. Cypress Capital Group’s holdings in Oracle were worth $2,209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at $27,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the second quarter worth about $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the 2nd quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle during the 1st quarter valued at about $38,000. Finally, Quest Partners LLC bought a new position in shares of Oracle in the 2nd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Shares of ORCL stock opened at $190.76 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market capitalization of $528.61 billion, a price-to-earnings ratio of 49.17, a PEG ratio of 3.48 and a beta of 1.02. The firm’s 50 day moving average is $174.39 and its 200-day moving average is $148.37. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $191.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ORCL shares. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. Royal Bank of Canada began coverage on shares of Oracle in a report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target for the company. Mizuho raised their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. DA Davidson lifted their price target on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, JMP Securities increased their price objective on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Oracle 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.