Cibc World Market Inc. Has $86.37 Million Holdings in Oracle Co. (NYSE:ORCL)

Cibc World Market Inc. increased its position in shares of Oracle Co. (NYSE:ORCL) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 518,313 shares of the enterprise software provider’s stock after buying an additional 21,652 shares during the period. Cibc World Market Inc.’s holdings in Oracle were worth $86,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Oracle during the fourth quarter worth $25,000. Winch Advisory Services LLC boosted its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Reston Wealth Management LLC bought a new stake in shares of Oracle in the third quarter valued at about $44,000. Synergy Asset Management LLC bought a new stake in shares of Oracle in the fourth quarter valued at about $47,000. Finally, Avondale Wealth Management bought a new stake in Oracle during the third quarter worth about $51,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 5.2 %

NYSE:ORCL opened at $170.41 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $476.62 billion, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 3.19 and a beta of 1.06. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The firm has a 50-day moving average price of $172.79 and a two-hundred day moving average price of $163.03.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the business posted $1.34 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s payout ratio is currently 39.12%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ORCL shares. BMO Capital Markets boosted their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Finally, Piper Sandler upped their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.