CIBC Asset Management Inc Boosts Stock Position in Oracle Co. (NYSE:ORCL)

CIBC Asset Management Inc boosted its holdings in shares of Oracle Co. (NYSE:ORCLFree Report) by 7.9% during the third quarter, Holdings Channel.com reports. The firm owned 267,090 shares of the enterprise software provider’s stock after acquiring an additional 19,472 shares during the period. CIBC Asset Management Inc’s holdings in Oracle were worth $45,512,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ORCL. M&G Plc bought a new stake in Oracle in the first quarter worth $116,467,000. Mizuho Markets Americas LLC bought a new stake in shares of Oracle in the 1st quarter worth about $147,286,000. Councilmark Asset Management LLC purchased a new position in shares of Oracle during the 1st quarter worth about $3,590,000. Maso Capital Partners Ltd bought a new position in Oracle during the 1st quarter valued at about $1,972,000. Finally, Pinnacle Wealth Planning Services Inc. raised its position in Oracle by 4.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 10,330 shares of the enterprise software provider’s stock worth $1,298,000 after purchasing an additional 447 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ORCL. Mizuho upped their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Barclays upped their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Stifel Nicolaus lifted their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. DA Davidson upped their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.52.

View Our Latest Stock Report on Oracle

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $187.08 on Friday. The company has a 50 day moving average of $170.41 and a two-hundred day moving average of $145.85. The company has a market cap of $518.41 billion, a price-to-earnings ratio of 48.22, a price-to-earnings-growth ratio of 3.49 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $191.77.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Oracle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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