Cibc World Markets Corp Raises Position in Oracle Co. (NYSE:ORCL)

Cibc World Markets Corp raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 1,163.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,098,046 shares of the enterprise software provider’s stock after acquiring an additional 1,011,156 shares during the quarter. Oracle makes up 0.6% of Cibc World Markets Corp’s portfolio, making the stock its 20th largest holding. Cibc World Markets Corp’s holdings in Oracle were worth $115,767,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ORCL. Gabelli Funds LLC lifted its stake in shares of Oracle by 7.4% during the 4th quarter. Gabelli Funds LLC now owns 7,827 shares of the enterprise software provider’s stock valued at $825,000 after buying an additional 541 shares in the last quarter. Homestead Advisers Corp purchased a new position in shares of Oracle during the 4th quarter valued at $30,332,000. Public Employees Retirement Association of Colorado lifted its stake in shares of Oracle by 30,724.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,056,289 shares of the enterprise software provider’s stock valued at $216,795,000 after buying an additional 2,049,618 shares in the last quarter. Cetera Advisor Networks LLC lifted its stake in shares of Oracle by 12.1% during the 4th quarter. Cetera Advisor Networks LLC now owns 200,245 shares of the enterprise software provider’s stock valued at $21,112,000 after buying an additional 21,675 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its stake in shares of Oracle by 7.3% during the 4th quarter. Annex Advisory Services LLC now owns 225,646 shares of the enterprise software provider’s stock valued at $23,790,000 after buying an additional 15,291 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.7 %

Oracle stock traded up $0.87 during trading hours on Thursday, hitting $123.50. The company had a trading volume of 6,734,095 shares, compared to its average volume of 7,988,170. The firm has a market cap of $339.44 billion, a P/E ratio of 32.59, a P/E/G ratio of 2.48 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $132.77. The company has a 50-day moving average price of $120.21 and a two-hundred day moving average price of $115.47.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. Oracle’s payout ratio is presently 42.22%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ORCL shares. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets lifted their price target on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. HSBC lifted their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 880,000 shares of company stock valued at $110,488,150. Company insiders own 42.80% of the company’s stock.

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.