VeraBank N.A. Sells 150 Shares of Oracle Co. (NYSE:ORCL)

VeraBank N.A. reduced its position in shares of Oracle Co. (NYSE:ORCL) by 1.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 10,426 shares of the enterprise software provider’s stock after selling 150 shares during the quarter. VeraBank N.A.’s holdings in Oracle were worth $1,777,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in Oracle in the second quarter worth $27,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter valued at about $35,000. Reston Wealth Management LLC bought a new position in Oracle in the third quarter worth about $44,000. Finally, Quest Partners LLC purchased a new stake in Oracle in the second quarter worth about $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ORCL. Royal Bank of Canada initiated coverage on Oracle in a research note on Wednesday, October 23rd. They issued a “sector perform” rating and a $165.00 target price for the company. Guggenheim boosted their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Monday, September 16th. Morgan Stanley boosted their price objective on shares of Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 10th. Finally, JMP Securities raised their target price on shares of Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research note on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’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 of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

Oracle stock traded up $2.88 during trading on Friday, reaching $189.25. The company had a trading volume of 8,520,419 shares, compared to its average volume of 5,643,102. The firm has a market capitalization of $524.42 billion, a price-to-earnings ratio of 48.78, a price-to-earnings-growth ratio of 3.34 and a beta of 1.02. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm’s 50-day simple moving average is $167.47 and its 200 day simple moving average is $144.31. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $190.16.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 41.24%.

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.