Jackson Wealth Management LLC Boosts Stake in Oracle Corporation $ORCL

Jackson Wealth Management LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 6.4% during the third quarter, HoldingsChannel.com reports. The fund 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 holdings, making the stock its 17th largest holding. Jackson Wealth Management LLC’s holdings in Oracle were worth $14,280,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Winnow Wealth LLC purchased a new stake in shares of Oracle in the second quarter valued at approximately $28,000. Kilter Group LLC acquired a new position in Oracle during the second quarter worth $30,000. LGT Financial Advisors LLC purchased a new stake in Oracle in the 2nd quarter valued at $33,000. Legend Financial Advisors Inc. acquired a new stake in shares of Oracle in the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC purchased a new position in shares of Oracle during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ORCL shares. Guggenheim restated a “buy” rating and set a $400.00 price objective on shares of Oracle in a research report on Thursday. BNP Paribas set a $377.00 price objective on Oracle in a report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $375.00 target price on shares of Oracle in a research report on Wednesday, November 26th. Cowen reiterated a “buy” rating on shares of Oracle in a report on Thursday, December 4th. Finally, Barclays set a $310.00 price objective on Oracle in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.92.

Oracle Stock Performance

NYSE ORCL opened at $184.79 on Tuesday. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $526.80 billion, a P/E ratio of 34.73, a P/E/G ratio of 1.82 and a beta of 1.66. The stock has a 50-day moving average of $243.44 and a two-hundred day moving average of $242.09. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.64 by $0.62. The business had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 earnings per share. As a group, analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Insider Buying and Selling

In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total value of $13,971,282.30. Following the sale, the director directly owned 151,999 shares in the company, valued at $43,018,756.98. This trade represents a 24.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,222 shares of the company’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the transaction, the director owned 29,225 shares of the company’s stock, valued at $8,443,394.75. This represents a 7.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 155,190 shares of company stock worth $45,279,001. Corporate insiders own 40.90% of the company’s stock.

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.