Culbertson A N & Co. Inc. Has $13.62 Million Stock Position in Oracle Co. (NYSE:ORCL)

Culbertson A N & Co. Inc. reduced its stake in Oracle Co. (NYSE:ORCL) by 0.2% during the third quarter, Holdings Channel.com reports. The fund owned 79,923 shares of the enterprise software provider’s stock after selling 125 shares during the quarter. Oracle makes up 2.2% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 9th biggest position. Culbertson A N & Co. Inc.’s holdings in Oracle were worth $13,619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. Westend Capital Management LLC purchased a new position in Oracle in the first quarter worth $25,000. Fairway Wealth LLC acquired a new position in Oracle during the 2nd quarter valued at about $27,000. POM Investment Strategies LLC purchased a new stake in Oracle in the second quarter valued at about $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the second quarter worth about $35,000. Finally, Alaska Permanent Fund Corp purchased a new stake in shares of Oracle during the first quarter worth about $36,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.4 %

ORCL stock opened at $174.78 on Thursday. Oracle Co. has a one year low of $99.26 and a one year high of $178.61. The firm has a market cap of $481.67 billion, a PE ratio of 47.11, a PEG ratio of 3.29 and a beta of 1.01. The firm’s 50 day moving average price is $154.50 and its 200-day moving average price is $137.88. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period last year, the company earned $0.95 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s payout ratio is currently 43.13%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ORCL shares. Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein raised their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Barclays increased their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. DA Davidson lifted their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Finally, Stifel Nicolaus raised their price target on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $167.42.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is owned by insiders.

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.