Cullinan Associates Inc. Has $23.22 Million Holdings in Oracle Co. (NYSE:ORCL)

Cullinan Associates Inc. raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 105.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,893 shares of the enterprise software provider’s stock after purchasing an additional 95,109 shares during the period. Oracle accounts for approximately 1.3% of Cullinan Associates Inc.’s holdings, making the stock its 19th biggest holding. Cullinan Associates Inc.’s holdings in Oracle were worth $23,224,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ORCL. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in shares of Oracle by 2.8% in the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 52,829 shares of the enterprise software provider’s stock valued at $6,636,000 after acquiring an additional 1,447 shares during the period. Raub Brock Capital Management LP increased its stake in Oracle by 14.2% during the 1st quarter. Raub Brock Capital Management LP now owns 136,894 shares of the enterprise software provider’s stock worth $17,195,000 after purchasing an additional 16,985 shares in the last quarter. Congress Wealth Management LLC DE increased its stake in Oracle by 2.6% during the 1st quarter. Congress Wealth Management LLC DE now owns 104,021 shares of the enterprise software provider’s stock worth $13,066,000 after purchasing an additional 2,640 shares in the last quarter. Oak Thistle LLC bought a new stake in Oracle during the 1st quarter worth approximately $647,000. Finally, Consilio Wealth Advisors LLC bought a new position in shares of Oracle during the 1st quarter worth approximately $370,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Oracle stock traded down $0.32 during midday trading on Tuesday, reaching $142.77. The company’s stock had a trading volume of 1,719,295 shares, compared to its average volume of 8,650,790. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.32. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The business has a 50-day moving average price of $125.24 and a 200-day moving average price of $118.19. The stock has a market cap of $393.45 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. On average, sell-side analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Oracle news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the transaction, the director now directly owns 210,712 shares in the company, valued at $30,157,101.44. The disclosure for this sale can be found here. Insiders have sold a total of 385,639 shares of company stock valued at $53,002,729 over the last ninety days. 42.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ORCL shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $125.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Guggenheim reissued a “buy” rating and issued a $175.00 target price on shares of Oracle in a research note on Tuesday, June 25th. KeyCorp raised their target price on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. BMO Capital Markets raised their target price on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Finally, Oppenheimer began coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

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.