United Advisor Group LLC Invests $610,000 in Oracle Co. (NYSE:ORCL)

United Advisor Group LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) during the 3rd quarter, Holdings Channel.com reports. The firm bought 3,578 shares of the enterprise software provider’s stock, valued at approximately $610,000.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Fairway Wealth LLC purchased a new stake in shares of Oracle in the second quarter worth about $27,000. POM Investment Strategies LLC purchased a new position in Oracle in the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in Oracle in the second quarter valued at approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Oracle during the first quarter worth $38,000. Finally, Quest Partners LLC purchased a new position in shares of Oracle in the second quarter valued at $40,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 1.3 %

Shares of NYSE:ORCL opened at $171.82 on Wednesday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $178.61. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market cap of $476.12 billion, a PE ratio of 44.28, a P/E/G ratio of 3.13 and a beta of 1.02. The company’s 50-day moving average price is $164.71 and its 200 day moving average price is $143.02.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Royal Bank of Canada initiated coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 price target on the stock. Stifel Nicolaus lifted their price objective on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Evercore ISI increased their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Morgan Stanley lifted their price target on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.52.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 42.20% of the company’s stock.

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.