United Services Automobile Association Increases Stock Holdings in Oracle Corporation $ORCL

United Services Automobile Association raised its position in Oracle Corporation (NYSE:ORCL) by 0.7% in the 1st quarter, Holdings Channel reports. The firm owned 37,204 shares of the enterprise software provider’s stock after buying an additional 263 shares during the quarter. United Services Automobile Association’s holdings in Oracle were worth $5,241,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new position in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC grew its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the fourth quarter worth approximately $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Oracle in the fourth quarter valued at approximately $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE ORCL opened at $232.87 on Monday. The company has a 50-day simple moving average of $239.38 and a two-hundred day simple moving average of $186.73. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The firm has a market cap of $654.10 billion, a price-to-earnings ratio of 53.66, a PEG ratio of 3.47 and a beta of 1.46. 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 (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.Oracle’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 EPS. On average, equities analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis 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 Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company’s stock, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction 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. The trade was a 13.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ORCL. Mizuho increased their price target on shares of Oracle from $245.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Cowen reissued a “buy” rating on shares of Oracle in a research note on Thursday, June 12th. CIBC restated a “buy” rating on shares of Oracle in a research report on Monday, June 9th. DA Davidson upped their price objective on Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Finally, Westpark Capital increased their price objective on Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $227.04.

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.