Atlantic Union Bankshares Corp Sells 542 Shares of Oracle Co. (NYSE:ORCL)

Atlantic Union Bankshares Corp trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,946 shares of the enterprise software provider’s stock after selling 542 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Oracle were worth $8,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Amundi lifted its holdings in shares of Oracle by 15.2% during the 4th quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock valued at $2,012,943,000 after buying an additional 1,623,609 shares during the period. Naviter Wealth LLC lifted its holdings in shares of Oracle by 49.5% during the 4th quarter. Naviter Wealth LLC now owns 10,763 shares of the enterprise software provider’s stock valued at $1,794,000 after buying an additional 3,562 shares during the period. Rialto Wealth Management LLC bought a new position in Oracle in the 4th quarter worth $68,000. Hamilton Capital Partners LLC bought a new position in Oracle in the 4th quarter worth $10,582,000. Finally, Intellectus Partners LLC raised its holdings in Oracle by 19.9% in the 4th quarter. Intellectus Partners LLC now owns 12,743 shares of the enterprise software provider’s stock worth $2,123,000 after purchasing an additional 2,111 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 3.3 %

ORCL opened at $155.89 on Friday. The firm has a market cap of $436.01 billion, a P/E ratio of 38.11, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $111.18 and a 12 month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a 50-day moving average of $167.63 and a 200 day moving average of $169.10.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 EPS. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.03%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ORCL. Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. UBS Group raised their target price on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Guggenheim reaffirmed a “buy” rating and issued a $220.00 target price on shares of Oracle in a report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Finally, DA Davidson raised their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Twelve equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.