Cullinan Associates Inc. Purchases 2,849 Shares of Oracle Corporation (NYSE:ORCL)

Cullinan Associates Inc. lifted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,776 shares of the enterprise software provider's stock after purchasing an additional 2,849 shares during the quarter. Oracle comprises approximately 1.2% of Cullinan Associates Inc.'s portfolio, making the stock its 21st largest holding. Cullinan Associates Inc.'s holdings in Oracle were worth $16,886,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. grew its stake in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after buying an additional 60 shares during the last quarter. New England Capital Financial Advisors LLC boosted its stake in shares of Oracle by 6.4% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock worth $177,000 after acquiring an additional 64 shares in the last quarter. Cape ANN Savings Bank boosted its holdings in shares of Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock worth $970,000 after buying an additional 65 shares during the period. Greenwood Gearhart Inc. boosted its position in shares of Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after buying an additional 66 shares during the period. Finally, WorthPointe LLC boosted its holdings in shares of Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after purchasing an additional 67 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Stock Down 2.8%

Shares of ORCL opened at $205.06 on Friday. The firm has a market capitalization of $573.53 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 3.08 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. The business's fifty day moving average price is $160.39 and its two-hundred day moving average price is $161.33. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 EPS. On average, analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Bank of America boosted their target price on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a research note on Wednesday. Guggenheim boosted their price target on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Finally, Westpark Capital boosted their target price on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $196.74.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider now directly owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider now directly owns 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock worth $83,395,223 in the last three months. Insiders own 42.20% of the company's stock.

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.

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