Jackson Wealth Management LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Jackson Wealth Management LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,678 shares of the enterprise software provider’s stock, valued at approximately $1,446,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. International Assets Investment Management LLC grew its stake in Oracle by 16,023.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock valued at $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the period. State Street Corp grew its position in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Oracle by 279.7% during the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock valued at $201,759,000 after purchasing an additional 891,842 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. JMP Securities restated a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Evercore ISI raised their target price on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Down 0.4 %

Shares of ORCL opened at $167.98 on Wednesday. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The firm has a market capitalization of $469.83 billion, a price-to-earnings ratio of 41.07, a PEG ratio of 3.35 and a beta of 1.05. The firm’s 50-day moving average price is $171.50 and its 200-day moving average price is $163.79. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business 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 business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 EPS. Sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s payout ratio is 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is currently owned by insiders.

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.