Cullinan Associates Inc. Has $10.50 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Cullinan Associates Inc. grew its stake in Oracle Co. (NYSE:ORCL) by 1.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 149,622 shares of the enterprise software provider’s stock after acquiring an additional 2,149 shares during the period. Cullinan Associates Inc.’s holdings in Oracle were worth $10,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Oracle in the fourth quarter valued at about $1,107,842,000. Charles Schwab Investment Management Inc. lifted its position in Oracle by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,334,074 shares of the enterprise software provider’s stock worth $927,271,000 after purchasing an additional 303,342 shares during the period. Fisher Asset Management LLC lifted its position in shares of Oracle by 4.0% during the 4th quarter. Fisher Asset Management LLC now owns 13,934,166 shares of the enterprise software provider’s stock worth $901,401,000 after buying an additional 540,722 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Oracle by 41.6% in the 4th quarter. Nuveen Asset Management LLC now owns 11,363,258 shares of the enterprise software provider’s stock valued at $735,090,000 after acquiring an additional 3,340,696 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Oracle by 6.5% during the fourth quarter. Morgan Stanley now owns 10,379,119 shares of the enterprise software provider’s stock valued at $671,427,000 after purchasing an additional 637,044 shares in the last quarter. Institutional investors own 47.54% of the company’s stock.

Shares of NYSE:ORCL traded down $1.16 during midday trading on Thursday, reaching $75.50. 451,220 shares of the company’s stock were exchanged, compared to its average volume of 12,910,227. The firm’s 50 day simple moving average is $71.35 and its two-hundred day simple moving average is $63.46. Oracle Co. has a fifty-two week low of $50.86 and a fifty-two week high of $80.21. The stock has a market cap of $217.71 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.79 and a beta of 0.76. The company has a debt-to-equity ratio of 7.37, a current ratio of 2.17 and a quick ratio of 2.17.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.05. Oracle had a return on equity of 101.26% and a net margin of 26.34%. The business had revenue of $10.09 billion for the quarter, compared to analyst estimates of $10.07 billion. During the same quarter last year, the company earned $0.97 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts predict that Oracle Co. will post 3.86 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 22nd. Stockholders of record on Thursday, April 8th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, April 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from Oracle’s previous quarterly dividend of $0.24. Oracle’s payout ratio is presently 36.99%.

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Friday, March 5th. The stock was sold at an average price of $70.03, for a total transaction of $28,012,000.00. Following the completion of the transaction, the insider now owns 400,000 shares of the company’s stock, valued at approximately $28,012,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 100,000 shares of the business’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $66.99, for a total transaction of $6,699,000.00. Following the completion of the transaction, the executive vice president now directly owns 100,000 shares of the company’s stock, valued at approximately $6,699,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,808,000 shares of company stock worth $254,732,810. 39.10% of the stock is currently owned by insiders.

ORCL has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed a “buy” rating and set a $81.00 target price on shares of Oracle in a report on Thursday, March 11th. The Goldman Sachs Group began coverage on shares of Oracle in a report on Thursday, January 21st. They issued a “sell” rating and a $60.00 target price on the stock. DZ Bank cut Oracle from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Wednesday. Citigroup initiated coverage on shares of Oracle in a research note on Wednesday, March 3rd. They set a “neutral” rating and a $65.00 target price on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Oracle from $68.75 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 17th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $71.21.

Oracle Company Profile

Oracle Corporation provides products and services that address enterprise information technology environments worldwide. The company's cloud and license business engages in the sale, marketing, and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models, including cloud services and license support; and cloud license and on-premise license.

Further Reading: Why is the ROA ratio important?

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.