Cullen Capital Management LLC Has $5.12 Million Stake in Oracle Co. (NYSE:ORCL)

Cullen Capital Management LLC reduced its position in Oracle Co. (NYSE:ORCL - Free Report) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,746 shares of the enterprise software provider's stock after selling 4,486 shares during the period. Cullen Capital Management LLC's holdings in Oracle were worth $5,124,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after acquiring an additional 619,619 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after acquiring an additional 1,722,037 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Oracle by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider's stock worth $2,998,798,000 after purchasing an additional 97,635 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Oracle in the fourth quarter valued at about $2,216,314,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Safra Catz sold 345,174 shares of the company's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,448,328 shares of company stock worth $453,791,001 in the last quarter. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ORCL shares. Barclays decreased their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Bank of America decreased their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on Oracle and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Finally, Evercore ISI reduced their price target on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

Oracle Price Performance

ORCL traded down $3.02 during trading on Tuesday, reaching $124.14. The stock had a trading volume of 7,627,962 shares, compared to its average volume of 9,141,638. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The firm has a market capitalization of $347.22 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. The stock has a 50 day moving average of $159.43 and a two-hundred day moving average of $169.09. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.61%. Oracle's payout ratio is presently 46.95%.

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.