Cumberland Partners Ltd Cuts Stock Holdings in Oracle Co. (NYSE:ORCL)

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

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of Oracle by 3.2% in the 3rd quarter. International Assets Investment Management LLC now owns 4,717 shares of the enterprise software provider’s stock valued at $494,000 after purchasing an additional 147 shares during the last quarter. Stanley Laman Group Ltd. increased its position in shares of Oracle by 4.9% in the 3rd 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 last quarter. Flagship Harbor Advisors LLC increased its position in shares of Oracle by 30.4% in the 3rd 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 last quarter. BTC Capital Management Inc. increased its position in shares of Oracle by 70.1% in the 3rd 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 last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. grew its position in shares of Oracle by 4.3% during the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,535 shares of the enterprise software provider’s stock valued at $374,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.80% of the company’s stock.

Oracle Trading Up 0.5 %

Shares of ORCL traded up $0.54 on Tuesday, reaching $115.07. 5,491,654 shares of the company’s stock were exchanged, compared to its average volume of 8,535,559. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a market capitalization of $316.27 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The business has a 50 day moving average price of $119.23 and a two-hundred day moving average price of $113.03. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The firm 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 business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 earnings per share. Research analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, April 9th. Oracle’s payout ratio is presently 42.22%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ORCL. HSBC boosted their price objective 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. Piper Sandler reduced their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. Finally, BMO Capital Markets increased their price objective 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. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

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.