Cumberland Partners Ltd Makes New Investment in Oracle Co. (NYSE:ORCL)

Cumberland Partners Ltd purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the third quarter, Holdings Channel reports. The firm purchased 8,100 shares of the enterprise software provider’s stock, valued at approximately $1,380,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Oracle by 1.0% in the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares in the last quarter. Capital World Investors raised its stake in shares of Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after purchasing an additional 82,551 shares during the period. Legal & General Group Plc raised its holdings in shares of Oracle by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock worth $1,869,816,000 after purchasing an additional 296,866 shares during the period. Janus Henderson Group PLC raised its stake in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Oracle by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock worth $1,033,430,000 after purchasing an additional 424,500 shares during the period. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORCL has been the subject of several recent research reports. Jefferies Financial Group lifted their price target on Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Royal Bank of Canada started coverage on Oracle in a research report on Wednesday, October 23rd. They set a “sector perform” rating and a $165.00 price target for the company. Guggenheim upped their price objective on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Stifel Nicolaus lifted their target price on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI raised their price target on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by company insiders.

Oracle Trading Down 0.5 %

ORCL traded down $0.95 during trading on Tuesday, reaching $188.18. The company had a trading volume of 800,468 shares, compared to its average volume of 8,238,859. 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 52 week low of $99.26 and a 52 week high of $191.50. The stock has a market cap of $521.46 billion, a P/E ratio of 48.74, a PEG ratio of 3.49 and a beta of 1.02. The business has a 50 day simple moving average of $168.43 and a 200-day simple moving average of $145.03.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. On average, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

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.