Oracle Co. (NYSE:ORCL) is Culbertson A N & Co. Inc.’s 9th Largest Position

Culbertson A N & Co. Inc. reduced its position in shares of Oracle Co. (NYSE:ORCL) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,223 shares of the enterprise software provider’s stock after selling 700 shares during the period. Oracle accounts for about 2.1% of Culbertson A N & Co. Inc.’s holdings, making the stock its 9th biggest holding. Culbertson A N & Co. Inc.’s holdings in Oracle were worth $13,202,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in Oracle by 36.0% in the 2nd quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock valued at $20,856,000 after buying an additional 39,107 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Oracle by 6.9% during the second quarter. Thrivent Financial for Lutherans now owns 95,803 shares of the enterprise software provider’s stock valued at $13,527,000 after acquiring an additional 6,215 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Oracle by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 355,652 shares of the enterprise software provider’s stock valued at $50,218,000 after acquiring an additional 10,650 shares during the period. Epoch Investment Partners Inc. lifted its holdings in shares of Oracle by 3.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 41,745 shares of the enterprise software provider’s stock worth $5,894,000 after acquiring an additional 1,377 shares during the last quarter. Finally, Fairscale Capital LLC purchased a new position in shares of Oracle during the 2nd quarter worth approximately $103,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their target price on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Morgan Stanley boosted their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Finally, Mizuho raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Up 0.9 %

NYSE ORCL opened at $161.05 on Tuesday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a market capitalization of $450.44 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s fifty day moving average price is $175.44 and its 200 day moving average price is $161.58.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. On average, sell-side analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.