Atlantic Union Bankshares Corp Sells 488 Shares of Oracle Co. (NYSE:ORCL)

Atlantic Union Bankshares Corp cut its holdings in Oracle Co. (NYSE:ORCL) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,488 shares of the enterprise software provider’s stock after selling 488 shares during the period. Atlantic Union Bankshares Corp’s holdings in Oracle were worth $8,944,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Icon Wealth Advisors LLC raised its position in Oracle by 162.0% in the third quarter. Icon Wealth Advisors LLC now owns 38,165 shares of the enterprise software provider’s stock worth $6,503,000 after acquiring an additional 23,598 shares during the period. Infrastructure Capital Advisors LLC bought a new position in Oracle during the third quarter worth about $1,846,000. Hantz Financial Services Inc. grew its stake in Oracle by 178.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 230,687 shares of the enterprise software provider’s stock valued at $39,309,000 after buying an additional 147,767 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in shares of Oracle by 9.9% during the third quarter. Northwest & Ethical Investments L.P. now owns 191,938 shares of the enterprise software provider’s stock worth $32,706,000 after acquiring an additional 17,297 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Oracle during the third quarter worth $65,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

ORCL opened at $182.70 on Friday. The firm has a market cap of $506.27 billion, a PE ratio of 47.09, a P/E/G ratio of 3.37 and a beta of 1.02. The stock has a 50-day moving average price of $177.10 and a 200-day moving average price of $151.11. 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.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The trade was a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Mizuho boosted their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. KeyCorp upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Guggenheim increased their price target on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $169.52.

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.