UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 691,193 Shares of Oracle Co. (NYSE:ORCL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,474,912 shares of the enterprise software provider’s stock after purchasing an additional 691,193 shares during the quarter. Oracle comprises approximately 0.5% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 29th largest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.41% of Oracle worth $1,955,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Jaffetilchin Investment Partners LLC bought a new stake in Oracle in the first quarter worth approximately $227,000. Koesten Hirschmann & Crabtree INC. bought a new position in Oracle during the first quarter worth $38,000. Community Trust & Investment Co. acquired a new stake in Oracle in the first quarter worth $220,000. Northwest Bank & Trust Co raised its holdings in shares of Oracle by 1.7% during the first quarter. Northwest Bank & Trust Co now owns 19,887 shares of the enterprise software provider’s stock valued at $2,498,000 after purchasing an additional 329 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Oracle by 182.5% in the 1st quarter. Cetera Investment Advisers now owns 389,754 shares of the enterprise software provider’s stock valued at $48,957,000 after buying an additional 251,767 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at $7,076,685. This represents a 12.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $182.76 on Thursday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $196.04. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day moving average price is $176.80 and its two-hundred day moving average price is $150.89. The firm has a market cap of $506.44 billion, a PE ratio of 47.10, a PEG ratio of 3.46 and a beta of 1.02.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. Oracle’s dividend payout ratio is 41.24%.

Analysts Set New Price Targets

Several brokerages have issued reports on ORCL. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. JPMorgan Chase & Co. boosted their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. TD Cowen upped their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Morgan Stanley lifted their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Finally, Bank of America increased their price objective on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.52.

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.