United Asset Strategies Inc. Sells 11,156 Shares of Oracle Corporation $ORCL

United Asset Strategies Inc. cut its position in Oracle Corporation (NYSE:ORCL) by 56.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,593 shares of the enterprise software provider’s stock after selling 11,156 shares during the quarter. United Asset Strategies Inc.’s holdings in Oracle were worth $1,201,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ORCL. Vanguard Group Inc. raised its position in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares during the last quarter. Northern Trust Corp raised its position in shares of Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock worth $2,760,048,000 after acquiring an additional 120,889 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Oracle by 20.5% during the fourth 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 worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the last quarter. Polen Capital Management LLC raised its position in shares of Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider’s stock worth $1,762,878,000 after acquiring an additional 1,885,370 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Oracle by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider’s stock worth $1,534,624,000 after acquiring an additional 94,236 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL opened at $233.0010 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The stock’s 50 day moving average is $234.95 and its 200-day moving average is $182.32. The firm has a market capitalization of $654.46 billion, a price-to-earnings ratio of 53.69, a PEG ratio of 3.51 and a beta of 1.43.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping 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 company 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 earned $1.63 earnings per share. Oracle’s revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of analyst reports. Roth Capital restated a “hold” rating on shares of Oracle in a research report on Wednesday, June 18th. Citigroup upgraded Oracle from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 18th. Cowen restated a “buy” rating on shares of Oracle in a research report on Thursday, June 12th. Oppenheimer reiterated an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Oracle in a report on Wednesday, June 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $227.04.

Insider Transactions at Oracle

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares in the company, valued at $25,247,469.76. This represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the company’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares of the company’s stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company’s stock.

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.