United Asset Strategies Inc. Has $3.32 Million Position in Oracle Co. (NYSE:ORCL)

United Asset Strategies Inc. lifted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 41.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,501 shares of the enterprise software provider's stock after acquiring an additional 5,737 shares during the quarter. United Asset Strategies Inc.'s holdings in Oracle were worth $3,323,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC increased its holdings in Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock valued at $1,616,855,000 after buying an additional 7,699,141 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider's stock valued at $552,262,000 after buying an additional 2,219,450 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Oracle by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider's stock valued at $532,920,000 after buying an additional 2,093,893 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider's stock valued at $351,890,000 after acquiring an additional 2,052,275 shares during the period. Finally, Altshuler Shaham Ltd boosted its stake in Oracle by 5,853.1% in the second quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider's stock valued at $219,224,000 after acquiring an additional 1,526,500 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 3.9 %

Shares of Oracle stock traded down $6.73 on Thursday, hitting $167.83. 9,474,512 shares of the company traded hands, compared to its average volume of 8,314,951. The company has a 50-day moving average price of $162.22 and a 200 day moving average price of $141.39. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61. The company has a market cap of $465.07 billion, a PE ratio of 43.26, a PEG ratio of 3.20 and a beta of 1.01.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion for the quarter, compared to analysts' expectations of $13.23 billion. During the same period in the previous year, the company posted $0.95 EPS. Oracle's revenue was up 6.9% on a year-over-year basis. Sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle's dividend payout ratio is presently 41.24%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley lifted their target price on Oracle from $125.00 to $145.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 10th. Melius Research upgraded Oracle from a "hold" rating to a "buy" rating in a research note on Monday, September 16th. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a research report on Friday, October 25th. Sanford C. Bernstein boosted their price objective on Oracle from $201.00 to $202.00 and gave the stock an "outperform" rating in a research report on Monday, September 30th. Finally, UBS Group reiterated a "market outperform" rating on shares of Oracle in a research report on Friday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $168.52.

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.