Culbertson A N & Co. Inc. Sells 125 Shares of Oracle Co. (NYSE:ORCL)

Culbertson A N & Co. Inc. decreased its position in Oracle Co. (NYSE:ORCL) by 0.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 79,923 shares of the enterprise software provider’s stock after selling 125 shares during the period. Oracle comprises 2.2% of Culbertson A N & Co. Inc.’s 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.

A number of other large investors have also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. grew its stake in Oracle by 4.8% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 4,359 shares of the enterprise software provider’s stock valued at $548,000 after purchasing an additional 198 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Oracle by 76.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 12,838 shares of the enterprise software provider’s stock worth $1,613,000 after buying an additional 5,560 shares during the last quarter. Alaska Permanent Fund Corp bought a new stake in Oracle in the first quarter valued at approximately $36,000. Wedmont Private Capital boosted its stake in shares of Oracle by 7.6% during the 1st quarter. Wedmont Private Capital now owns 18,306 shares of the enterprise software provider’s stock worth $2,256,000 after acquiring an additional 1,287 shares during the period. Finally, Lantz Financial LLC boosted its stake in shares of Oracle by 3.5% during the 1st quarter. Lantz Financial LLC now owns 12,830 shares of the enterprise software provider’s stock worth $1,612,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Guggenheim boosted their price objective on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, TD Cowen boosted their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $167.42.

Insider Transactions at Oracle

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

Oracle Price Performance

NYSE ORCL opened at $174.78 on Thursday. The stock has a market cap of $481.67 billion, a price-to-earnings ratio of 47.11, a PEG ratio of 3.29 and a beta of 1.01. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The company’s 50 day moving average is $154.50 and its two-hundred day moving average is $137.88. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

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

Oracle Announces Dividend

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

About Oracle

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.