United Services Automobile Association Has $6.16 Million Position in Oracle Co. (NYSE:ORCL)

United Services Automobile Association increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,941 shares of the enterprise software provider’s stock after purchasing an additional 140 shares during the period. United Services Automobile Association’s holdings in Oracle were worth $6,156,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its stake in Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after buying an additional 883 shares in the last quarter. Principal Financial Group Inc. raised its stake in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares in the last quarter. United Bank lifted its holdings in shares of Oracle by 4.8% during the third quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after acquiring an additional 519 shares during the period. Certified Advisory Corp boosted its stake in shares of Oracle by 37.9% in the 3rd quarter. Certified Advisory Corp now owns 4,517 shares of the enterprise software provider’s stock valued at $770,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its position in Oracle by 25.1% in the third quarter. Great Valley Advisor Group Inc. now owns 20,026 shares of the enterprise software provider’s stock valued at $3,412,000 after buying an additional 4,013 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $152.83 on Monday. The firm has a market cap of $427.45 billion, a P/E ratio of 37.37, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50 day moving average price is $164.87 and its two-hundred day moving average price is $170.27.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 earnings per share. On average, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

Analyst Ratings Changes

Several analysts have recently commented on the company. BMO Capital Markets decreased their target price on Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday, March 11th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. KeyCorp reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Finally, Bank of America lowered their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $179.20.

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.