United Capital Management of KS Inc. Acquires New Stake in Oracle Co. (NYSE:ORCL)

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United Capital Management of KS Inc. acquired a new stake in shares of Oracle Co. (NYSE:ORCL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 36,116 shares of the enterprise software provider’s stock, valued at approximately $1,979,000. Oracle accounts for 1.4% of United Capital Management of KS Inc.’s portfolio, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Riverbridge Partners LLC increased its stake in shares of Oracle by 8.2% in the 3rd quarter. Riverbridge Partners LLC now owns 5,408 shares of the enterprise software provider’s stock valued at $298,000 after acquiring an additional 408 shares in the last quarter. Capital Investment Services of America Inc. lifted its stake in Oracle by 1.1% in the third quarter. Capital Investment Services of America Inc. now owns 306,121 shares of the enterprise software provider’s stock valued at $16,846,000 after acquiring an additional 3,440 shares during the last quarter. Rothschild Investment Corp IL lifted its stake in Oracle by 6.7% in the third quarter. Rothschild Investment Corp IL now owns 54,813 shares of the enterprise software provider’s stock valued at $3,016,000 after acquiring an additional 3,445 shares during the last quarter. Northside Capital Management LLC lifted its stake in Oracle by 25.8% in the third quarter. Northside Capital Management LLC now owns 13,862 shares of the enterprise software provider’s stock valued at $763,000 after acquiring an additional 2,846 shares during the last quarter. Finally, Abner Herrman & Brock LLC lifted its stake in Oracle by 1.7% in the third quarter. Abner Herrman & Brock LLC now owns 188,956 shares of the enterprise software provider’s stock valued at $10,398,000 after acquiring an additional 3,171 shares during the last quarter. Institutional investors and hedge funds own 53.80% of the company’s stock.

A number of brokerages have issued reports on ORCL. Macquarie reiterated a “hold” rating on shares of Oracle in a research note on Thursday, September 12th. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Oracle in a research note on Friday, September 13th. Royal Bank of Canada set a $57.00 price objective on Oracle and gave the company a “neutral” rating in a research note on Thursday, September 12th. Monness Crespi & Hardt reissued a “hold” rating on shares of Oracle in a research note on Tuesday, September 10th. Finally, KeyCorp reissued a “hold” rating on shares of Oracle in a research note on Thursday, June 20th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company. Oracle has an average rating of “Hold” and an average price target of $56.38.

Oracle stock traded up $0.04 during midday trading on Tuesday, reaching $56.50. The stock had a trading volume of 511,052 shares, compared to its average volume of 16,392,536. The firm’s fifty day simple moving average is $53.79 and its two-hundred day simple moving average is $54.70. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The company has a debt-to-equity ratio of 2.67, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market cap of $186.74 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.68 and a beta of 1.16.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. The business had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 48.85%. Oracle’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. As a group, sell-side analysts predict that Oracle Co. will post 3.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.70%. Oracle’s dividend payout ratio (DPR) is currently 30.38%.

Oracle announced that its Board of Directors has approved a share buyback plan on Wednesday, September 11th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the enterprise software provider to reacquire up to 8.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In other news, CEO Mark V. Hurd sold 787,500 shares of Oracle stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total value of $40,792,500.00. Following the completion of the sale, the chief executive officer now owns 1,038,755 shares in the company, valued at approximately $53,807,509. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Renee Jo James sold 3,000 shares of Oracle stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $53.56, for a total transaction of $160,680.00. Following the completion of the sale, the director now owns 32,886 shares of the company’s stock, valued at approximately $1,761,374.16. The disclosure for this sale can be found here. Insiders sold a total of 845,143 shares of company stock worth $43,950,409 in the last 90 days. Corporate insiders own 36.60% of the company’s stock.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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