Cumberland Partners Ltd Sells 38,290 Shares of Oracle Co. (NYSE:ORCL)

Cumberland Partners Ltd lowered its position in Oracle Co. (NYSE:ORCL) by 27.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 102,992 shares of the enterprise software provider’s stock after selling 38,290 shares during the period. Oracle comprises about 0.9% of Cumberland Partners Ltd’s portfolio, making the stock its 29th largest holding. Cumberland Partners Ltd’s holdings in Oracle were worth $10,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Oracle by 3.2% during the third quarter. International Assets Investment Management LLC now owns 4,717 shares of the enterprise software provider’s stock worth $494,000 after buying an additional 147 shares during the last quarter. Stanley Laman Group Ltd. boosted its position in Oracle by 4.9% during the third quarter. Stanley Laman Group Ltd. now owns 3,164 shares of the enterprise software provider’s stock worth $335,000 after purchasing an additional 147 shares during the period. Flagship Harbor Advisors LLC boosted its position in Oracle by 30.4% during the third quarter. Flagship Harbor Advisors LLC now owns 11,617 shares of the enterprise software provider’s stock worth $1,231,000 after purchasing an additional 2,705 shares during the period. BTC Capital Management Inc. boosted its position in Oracle by 70.1% during the third quarter. BTC Capital Management Inc. now owns 7,650 shares of the enterprise software provider’s stock worth $810,000 after purchasing an additional 3,152 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. boosted its position in Oracle by 4.3% during the third quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,535 shares of the enterprise software provider’s stock worth $374,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 42.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ORCL. BMO Capital Markets raised their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, HSBC lifted their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $0.54 during trading on Tuesday, hitting $115.07. The company’s stock had a trading volume of 5,491,654 shares, compared to its average volume of 8,535,559. The company has a 50-day moving average of $119.23 and a 200-day moving average of $113.03. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $316.27 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 2.30 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter last year, the business earned $0.96 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

About Oracle

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.