United Bank Has $1.95 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

United Bank raised its position in Oracle Co. (NYSE:ORCL) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,430 shares of the enterprise software provider’s stock after acquiring an additional 519 shares during the period. United Bank’s holdings in Oracle were worth $1,948,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ORCL. Fairway Wealth LLC bought a new position in Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new position in shares of Oracle during the 2nd quarter worth approximately $35,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Oracle in the 1st quarter valued at $38,000. Finally, Quest Partners LLC acquired a new position in Oracle during the second quarter worth $40,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ORCL. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Stifel Nicolaus lifted their target price on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Barclays increased their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, TD Cowen increased their target price on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $168.52.

Oracle Trading Up 1.6 %

Shares of NYSE:ORCL opened at $189.29 on Friday. The firm has a market cap of $524.53 billion, a price-to-earnings ratio of 48.79, a PEG ratio of 3.34 and a beta of 1.02. 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 $190.16. The company’s fifty day simple moving average is $167.47 and its 200 day simple moving average is $144.10.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. 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 business’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 sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is currently owned by corporate insiders.

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.