Cypress Wealth Services LLC Sells 162 Shares of Oracle Co. (NYSE:ORCL)

Cypress Wealth Services LLC lessened its stake in shares of Oracle Co. (NYSE:ORCL) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Beech Hill Advisors Inc. grew its holdings in Oracle by 2.1% in the 4th quarter. Beech Hill Advisors Inc. now owns 30,844 shares of the enterprise software provider’s stock worth $5,140,000 after acquiring an additional 640 shares during the last quarter. Mirador Capital Partners LP boosted its holdings in shares of Oracle by 11.8% during the fourth quarter. Mirador Capital Partners LP now owns 6,274 shares of the enterprise software provider’s stock worth $1,045,000 after purchasing an additional 664 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Oracle by 25.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,311 shares of the enterprise software provider’s stock worth $1,552,000 after purchasing an additional 1,884 shares during the last quarter. SignalPoint Asset Management LLC increased its holdings in Oracle by 2.0% during the 4th quarter. SignalPoint Asset Management LLC now owns 5,987 shares of the enterprise software provider’s stock valued at $998,000 after purchasing an additional 120 shares during the period. Finally, StrongBox Wealth LLC bought a new position in Oracle during the 4th quarter valued at approximately $247,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ORCL shares. JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Tuesday, December 10th. Citigroup lifted their price target on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley upped their price objective 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. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Guggenheim boosted their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

Oracle Stock Up 0.9 %

Oracle stock opened at $159.73 on Friday. The firm has a market cap of $446.76 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 3.03 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $105.68 and a 12 month high of $198.31. The stock has a fifty day simple moving average of $176.53 and a two-hundred day simple moving average of $161.22.

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

Oracle Announces Dividend

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

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.