United Asset Strategies Inc. Has $1.20 Million Stock Holdings in Oracle Corporation $ORCL

Key Points

• United Asset Strategies Inc. reduced its stake in Oracle Corporation by 56.5%, owning 8,593 shares worth approximately $1.20 million after selling 11,156 shares during the first quarter.
• Oracle reported quarterly earnings with an EPS of $1.70, surpassing analyst expectations of $1.64, alongside revenues of $15.90 billion, a year-over-year increase of 11.3%.
• The company has announced a quarterly dividend of $0.50 per share, leading to an annualized dividend yield of 0.9% and a payout ratio of 46.08%.

United Asset Strategies Inc. decreased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 56.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,593 shares of the enterprise software provider's stock after selling 11,156 shares during the period. United Asset Strategies Inc.'s holdings in Oracle were worth $1,201,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ORCL. Nuveen LLC bought a new stake in Oracle in the 1st quarter valued at approximately $732,692,000. GAMMA Investing LLC lifted its stake in Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after acquiring an additional 4,723,631 shares in the last quarter. Vanguard Group Inc. lifted its stake in Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after acquiring an additional 2,350,448 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in Oracle by 268.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after acquiring an additional 2,242,520 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $233.0010 on Friday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock's fifty day moving average price is $234.95 and its two-hundred day moving average price is $182.32. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The firm has a market cap of $654.46 billion, a price-to-earnings ratio of 53.69, a P/E/G ratio of 3.51 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the prior year, the firm posted $1.63 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insider Activity at Oracle

In other news, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 in the last quarter. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on ORCL. Morgan Stanley restated an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. Cowen reissued a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, TD Cowen increased their price target on Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

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.

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