Oracle Co. (NYSE:ORCL) Shares Bought by United Asset Strategies Inc.

United Asset Strategies Inc. grew its stake in shares of Oracle Co. (NYSE:ORCL) by 14.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,200 shares of the enterprise software provider’s stock after acquiring an additional 1,907 shares during the period. United Asset Strategies Inc.’s holdings in Oracle were worth $1,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bison Wealth LLC raised its stake in Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after purchasing an additional 91 shares during the period. MONECO Advisors LLC increased its stake in shares of Oracle by 1.1% in the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after acquiring an additional 94 shares during the last quarter. Mascoma Wealth Management LLC increased its stake in shares of Oracle by 15.7% in the third quarter. Mascoma Wealth Management LLC now owns 701 shares of the enterprise software provider’s stock worth $74,000 after acquiring an additional 95 shares during the last quarter. Everhart Financial Group Inc. increased its stake in shares of Oracle by 1.4% in the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after acquiring an additional 96 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its stake in shares of Oracle by 1.0% in the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of research reports. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. KeyCorp initiated coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. HSBC increased their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Piper Sandler lowered their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Up 0.6 %

NYSE ORCL opened at $120.62 on Wednesday. Oracle Co. has a 1-year low of $93.29 and a 1-year high of $132.77. The stock’s 50 day moving average is $119.25 and its two-hundred day moving average is $112.73. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a market capitalization of $331.52 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.32 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the company posted $0.96 EPS. Oracle’s revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Oracle 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.