Oracle Co. (NYSE:ORCL) Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. raised its position in Oracle Co. (NYSE:ORCL - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 518,313 shares of the enterprise software provider's stock after buying an additional 21,652 shares during the quarter. Cibc World Market Inc.'s holdings in Oracle were worth $86,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ORCL. Principal Financial Group Inc. lifted its holdings in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. RMR Wealth Builders lifted its holdings in shares of Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock worth $1,192,000 after buying an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock valued at $27,428,000 after acquiring an additional 32,718 shares during the period. Crews Bank & Trust purchased a new position in Oracle during the fourth quarter valued at approximately $1,800,000. Finally, Chase Investment Counsel Corp bought a new stake in Oracle during the 3rd quarter worth approximately $4,160,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was 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 owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $1.46 during trading on Monday, hitting $168.60. The company's stock had a trading volume of 8,216,155 shares, compared to its average volume of 14,607,355. The company has a 50-day moving average of $171.89 and a 200-day moving average of $163.58. 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 market cap of $471.57 billion, a price-to-earnings ratio of 41.22, a P/E/G ratio of 3.35 and a beta of 1.05. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the business posted $1.34 earnings per share. Oracle's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle's dividend payout ratio is presently 39.12%.

Analyst Ratings Changes

Several research analysts have recently commented on ORCL shares. KeyCorp boosted their price objective on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Morgan Stanley increased their price target 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. Stifel Nicolaus raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Mizuho upped their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald initiated coverage on Oracle in a research report on Friday, January 17th. They set an "overweight" rating and a $214.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $182.73.

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.