Cypress Asset Management Inc. TX Purchases Shares of 1,330 Oracle Co. (NYSE:ORCL)

Cypress Asset Management Inc. TX purchased a new stake in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,330 shares of the enterprise software provider’s stock, valued at approximately $222,000.

Several other institutional investors also recently bought and sold shares of the business. Ameriflex Group Inc. acquired a new position in Oracle in the 4th quarter valued at $107,000. Sunbeam Capital Management LLC acquired a new position in Oracle in the 4th quarter valued at $675,000. Ascent Group LLC raised its holdings in Oracle by 8.5% in the 4th quarter. Ascent Group LLC now owns 15,525 shares of the enterprise software provider’s stock valued at $2,587,000 after acquiring an additional 1,210 shares during the last quarter. Putney Financial Group LLC acquired a new position in Oracle in the 4th quarter valued at $307,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Oracle in the 4th quarter valued at $383,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE:ORCL opened at $156.04 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50-day moving average of $143.68 and a two-hundred day moving average of $162.00. The stock has a market cap of $436.44 billion, a P/E ratio of 38.15, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a 1-year low of $114.55 and a 1-year high of $198.31.

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

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a $0.50 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, April 10th. Oracle’s dividend payout ratio is presently 46.95%.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the 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 transaction, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 in the last ninety days. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ORCL. Wall Street Zen downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Guggenheim restated a “buy” rating and set a $220.00 price objective on shares of Oracle in a report on Thursday, April 3rd. Piper Sandler restated a “neutral” rating and set a $130.00 price objective (down from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.42.

About Oracle

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.