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

CIBC Private Wealth Group LLC decreased its position in shares of Oracle Co. (NYSE:ORCL) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 526,006 shares of the enterprise software provider’s stock after selling 4,971 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Oracle were worth $85,813,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ORCL. R Squared Ltd purchased a new position in shares of Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC boosted its stake in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares during the period. Synergy Investment Management LLC purchased a new position in Oracle during the 4th quarter valued at about $34,000. TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares during the period. Finally, Synergy Asset Management LLC purchased a new stake in shares of Oracle in the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Citigroup decreased their price target on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Mizuho upped their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler dropped their price target on Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $179.20.

Oracle Stock Performance

NYSE:ORCL opened at $140.75 on Monday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The firm has a market cap of $393.67 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The business has a 50 day moving average price of $163.94 and a 200-day moving average price of $170.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the previous year, the company earned $1.41 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.