Cypress Capital LLC Boosts Position in Oracle Co. (NYSE:ORCL)

Cypress Capital LLC boosted its position in Oracle Co. (NYSE:ORCLGet Rating) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,394 shares of the enterprise software provider’s stock after buying an additional 2,451 shares during the quarter. Oracle makes up approximately 3.1% of Cypress Capital LLC’s portfolio, making the stock its 9th biggest position. Cypress Capital LLC’s holdings in Oracle were worth $24,603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ORCL. Rational Advisors LLC boosted its stake in shares of Oracle by 1.1% during the fourth quarter. Rational Advisors LLC now owns 11,083 shares of the enterprise software provider’s stock valued at $967,000 after purchasing an additional 126 shares during the period. Regal Investment Advisors LLC lifted its stake in Oracle by 1.4% in the fourth quarter. Regal Investment Advisors LLC now owns 8,964 shares of the enterprise software provider’s stock worth $782,000 after acquiring an additional 126 shares during the period. Ferguson Wellman Capital Management Inc. lifted its stake in Oracle by 2.6% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 5,041 shares of the enterprise software provider’s stock worth $417,000 after acquiring an additional 126 shares during the period. Smith Moore & CO. raised its holdings in Oracle by 1.0% in the fourth quarter. Smith Moore & CO. now owns 13,075 shares of the enterprise software provider’s stock worth $1,140,000 after purchasing an additional 135 shares in the last quarter. Finally, Dividend Assets Capital LLC raised its holdings in Oracle by 14.0% in the first quarter. Dividend Assets Capital LLC now owns 1,125 shares of the enterprise software provider’s stock worth $93,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 42.33% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 980,000 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $69.80, for a total transaction of $68,404,000.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $78,077,721.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Safra Catz sold 980,000 shares of the business’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $69.80, for a total transaction of $68,404,000.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $78,077,721.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Screven sold 419,174 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total value of $29,015,224.28. Following the transaction, the insider now owns 2,492,613 shares of the company’s stock, valued at approximately $172,538,671.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,399,174 shares of company stock valued at $232,369,224. 39.10% of the stock is currently owned by insiders.

Oracle Price Performance

NYSE:ORCL opened at $77.35 on Friday. Oracle Co. has a 1 year low of $63.76 and a 1 year high of $106.34. The stock’s 50 day simple moving average is $71.70 and its two-hundred day simple moving average is $75.58. The company has a market cap of $206.13 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 2.19 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last released its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.14. The business had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $11.65 billion. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS. As a group, analysts anticipate that Oracle Co. will post 4.43 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, July 11th. Oracle’s dividend payout ratio is currently 53.33%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ORCL shares. Monness Crespi & Hardt decreased their price objective on Oracle from $126.00 to $113.00 and set a “buy” rating for the company in a report on Tuesday, June 14th. Deutsche Bank Aktiengesellschaft set a $110.00 price target on Oracle in a report on Monday, June 20th. Exane BNP Paribas upgraded Oracle from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 29th. Cowen reduced their price objective on Oracle from $107.00 to $98.00 in a report on Thursday, June 9th. Finally, JPMorgan Chase & Co. set a $82.00 target price on Oracle in a research report on Thursday, June 16th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $88.95.

About Oracle

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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