Jackson Wealth Management LLC Raises Stake in Oracle Corporation $ORCL

Jackson Wealth Management LLC increased its stake in Oracle Corporation (NYSE:ORCL) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,775 shares of the enterprise software provider’s stock after buying an additional 3,059 shares during the period. Oracle accounts for about 1.4% of Jackson Wealth Management LLC’s portfolio, making the stock its 17th largest position. Jackson Wealth Management LLC’s holdings in Oracle were worth $14,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Oracle in the 2nd quarter valued at about $4,275,378,000. Vanguard Group Inc. lifted its holdings in Oracle by 2.1% during the second quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock worth $35,916,290,000 after buying an additional 3,353,461 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Oracle during the 2nd quarter valued at $731,512,000. Invesco Ltd. lifted its stake in shares of Oracle by 42.1% during the 2nd quarter. Invesco Ltd. now owns 8,839,166 shares of the enterprise software provider’s stock worth $1,932,507,000 after purchasing an additional 2,619,722 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Oracle by 840.7% during the second quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock valued at $463,380,000 after purchasing an additional 1,894,157 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 2.7%

ORCL opened at $184.79 on Tuesday. The company has a fifty day moving average of $243.44 and a two-hundred day moving average of $242.09. The stock has a market capitalization of $526.80 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 1.82 and a beta of 1.66. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business had revenue of $16.06 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same period in the prior year, the company posted $1.47 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s dividend payout ratio is presently 37.59%.

Insider Activity

In related news, EVP Maria Smith sold 5,000 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the sale, the executive vice president owned 47,083 shares of the company’s stock, valued at approximately $13,212,431.46. The trade was a 9.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the transaction, the director directly owned 151,999 shares in the company, valued at approximately $43,018,756.98. The trade was a 24.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 155,190 shares of company stock worth $45,279,001. Insiders own 40.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ORCL. KeyCorp lowered their price target on Oracle from $350.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Bank of America lowered their target price on shares of Oracle from $368.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Berenberg Bank boosted their target price on shares of Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a research report on Monday, September 15th. DA Davidson decreased their price target on shares of Oracle from $200.00 to $180.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $375.00 price objective on shares of Oracle in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.92.

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.