Jackson Wealth Management LLC Invests $1.45 Million in Oracle Co. (NYSE:ORCL)

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

Several other large investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its position in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle in the 3rd quarter valued at about $44,000. Synergy Asset Management LLC bought a new position in shares of Oracle in the fourth quarter worth about $47,000. Finally, Avondale Wealth Management acquired a new position in shares of Oracle during the third quarter worth approximately $51,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

ORCL stock opened at $167.98 on Wednesday. The company has a market capitalization of $469.83 billion, a P/E ratio of 41.07, a PEG ratio of 3.35 and a beta of 1.05. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a fifty day moving average price of $171.50 and a 200-day moving average price of $163.79. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last issued 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 company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 earnings per share. As a group, equities analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 42.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ORCL. DA Davidson boosted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. UBS Group lifted their price target on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. Finally, Mizuho raised their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $182.73.

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.