Oracle Co. (NYSE:ORCL) Shares Bought by Cumberland Partners Ltd

Cumberland Partners Ltd grew its stake in Oracle Co. (NYSE:ORCL) by 430.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,000 shares of the enterprise software provider’s stock after purchasing an additional 34,900 shares during the period. Cumberland Partners Ltd’s holdings in Oracle were worth $7,166,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Oracle during the fourth quarter worth about $25,000. Winch Advisory Services LLC raised its holdings in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the period. TFC Financial Management Inc. raised its stake in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the period. Reston Wealth Management LLC acquired a new position in Oracle in the third quarter valued at approximately $44,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at $47,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $181.51 on Thursday. The business has a 50 day simple moving average of $169.09 and a 200-day simple moving average of $166.67. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The company has a market capitalization of $507.68 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. 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 (NYSE:ORCL) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 EPS. As a group, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.88%. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ORCL. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley boosted their target price on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. KeyCorp raised their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

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.