Atlantic Union Bankshares Corp reduced its holdings in Oracle Co. (NYSE:ORCL) by 0.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 75,591 shares of the enterprise software provider’s stock after selling 407 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Oracle were worth $4,005,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of ORCL. 1 North Wealth Services LLC acquired a new position in Oracle during the 3rd quarter valued at about $28,000. Winthrop Partners WNY LLC purchased a new position in shares of Oracle in the third quarter worth approximately $30,000. C J Advisory Inc purchased a new position in shares of Oracle in the third quarter worth approximately $31,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Oracle in the third quarter worth approximately $40,000. Finally, Simon Quick Advisors LLC increased its position in shares of Oracle by 58.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,151 shares of the enterprise software provider’s stock worth $61,000 after acquiring an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 52.24% of the company’s stock.
NYSE ORCL traded up $0.41 during trading on Tuesday, reaching $54.99. The company’s stock had a trading volume of 3,151,874 shares, compared to its average volume of 10,681,279. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 3.13. The stock has a market capitalization of $174.66 billion, a PE ratio of 17.40, a PEG ratio of 1.61 and a beta of 1.13. The business has a 50-day moving average price of $54.47 and a 200-day moving average price of $55.13. Oracle Co. has a 1-year low of $47.41 and a 1-year high of $60.50.
Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 12th. The enterprise software provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.65 billion. Oracle had a net margin of 27.62% and a return on equity of 56.86%. The company’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, analysts expect that Oracle Co. will post 3.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Wednesday, January 8th. Oracle’s dividend payout ratio (DPR) is presently 30.38%.
In other Oracle news, Director Hector Garcia-Molina sold 4,643 shares of Oracle stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $56.42, for a total value of $261,958.06. Following the completion of the sale, the director now directly owns 38,562 shares in the company, valued at $2,175,668.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Berg sold 9,550 shares of Oracle stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.59, for a total transaction of $540,434.50. 36.60% of the stock is owned by insiders.
Several research analysts have recently weighed in on the stock. Barclays dropped their target price on shares of Oracle from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, December 13th. Wedbush lifted their target price on shares of Oracle from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Jefferies Financial Group reissued a “neutral” rating and issued a $60.00 target price on shares of Oracle in a research report on Friday, December 13th. Credit Suisse Group set a $62.00 target price on shares of Oracle and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Oracle in a research report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $57.67.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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