Cumberland Partners Ltd Buys 34,900 Shares of Oracle Co. (NYSE:ORCL)

Cumberland Partners Ltd lifted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 430.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,000 shares of the enterprise software provider's stock after purchasing an additional 34,900 shares during the quarter. Cumberland Partners Ltd's holdings in Oracle were worth $7,166,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Wealth Group Ltd. bought a new position in shares of Oracle during the third quarter worth about $222,000. Howard Capital Management Group LLC grew its stake in shares of Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider's stock worth $1,366,000 after acquiring an additional 883 shares in the last quarter. Stanley Laman Group Ltd. grew its stake in shares of Oracle by 43.5% during the 3rd quarter. Stanley Laman Group Ltd. now owns 2,582 shares of the enterprise software provider's stock worth $440,000 after acquiring an additional 783 shares in the last quarter. Tempus Wealth Planning LLC lifted its position in shares of Oracle by 3.1% in the third quarter. Tempus Wealth Planning LLC now owns 12,931 shares of the enterprise software provider's stock worth $2,203,000 after purchasing an additional 391 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its holdings in Oracle by 3.5% during the third quarter. BLB&B Advisors LLC now owns 6,655 shares of the enterprise software provider's stock worth $1,134,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ORCL shares. BNP Paribas raised shares of Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a report on Wednesday. Evercore ISI raised their price target on Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. BMO Capital Markets boosted their price target on Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus increased their price objective on Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $182.73.

Oracle Stock Performance

ORCL stock traded down $8.01 during trading hours on Friday, hitting $167.99. 6,726,540 shares of the stock were exchanged, compared to its average volume of 12,023,672. Oracle Co. has a 12 month low of $109.66 and a 12 month 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. The firm has a market capitalization of $469.86 billion, a P/E ratio of 41.06, a P/E/G ratio of 3.57 and a beta of 1.05. The company has a 50-day simple moving average of $169.10 and a two-hundred day simple moving average of $166.74.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly 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 business had revenue of $14.06 billion for 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 was up 8.6% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid 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 (DPR) is presently 39.12%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.20% of the company's stock.

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.