CIBC Private Wealth Group LLC Sells 4,971 Shares of Oracle Co. (NYSE:ORCL)

CIBC Private Wealth Group LLC cut its stake in Oracle Co. (NYSE:ORCL - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 526,006 shares of the enterprise software provider's stock after selling 4,971 shares during the period. CIBC Private Wealth Group LLC's holdings in Oracle were worth $85,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Vanguard Group Inc. increased its position in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. State Street Corp boosted its stake in Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC increased its holdings in Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after buying an additional 885,041 shares during the period. Franklin Resources Inc. raised its stake in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after buying an additional 1,917,416 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Oracle by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider's stock worth $2,998,798,000 after acquiring an additional 97,635 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of analysts recently weighed in on ORCL shares. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Citigroup lowered their price objective on Oracle from $194.00 to $160.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Jefferies Financial Group decreased their price target on Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Bank of America dropped their price objective on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $178.65.

Oracle Trading Up 1.6 %

Shares of NYSE:ORCL traded up $2.24 during trading on Tuesday, hitting $142.05. 9,511,593 shares of the company's stock were exchanged, compared to its average volume of 8,991,553. The firm has a 50-day moving average price of $163.52 and a two-hundred day moving average price of $170.16. The firm has a market cap of $397.32 billion, a P/E ratio of 34.73, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. 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 - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the company earned $1.41 EPS. Oracle's quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is currently 46.95%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 42.20% of the company's stock.

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.