Jamison Private Wealth Management Inc. Acquires 297 Shares of Oracle Co. (NYSE:ORCL)

Jamison Private Wealth Management Inc. grew its holdings in Oracle Co. (NYSE:ORCL) by 19.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,812 shares of the enterprise software provider’s stock after buying an additional 297 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Oracle were worth $309,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after acquiring an additional 1,514,569 shares during the period. Capital World Investors lifted its holdings in Oracle by 0.4% during the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after purchasing an additional 82,551 shares during the last quarter. Legal & General Group Plc boosted its position in Oracle by 2.3% in the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after buying an additional 296,866 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Oracle by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after acquiring an additional 424,500 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. Guggenheim raised their price target on Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, September 13th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. Bank of America raised their price objective on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. KeyCorp upped their target price on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Piper Sandler raised their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.42.

Insider Activity

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Up 0.4 %

Shares of Oracle stock opened at $174.78 on Thursday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50-day moving average of $154.50 and a two-hundred day moving average of $137.88. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $178.61. The company has a market capitalization of $481.67 billion, a P/E ratio of 47.11, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. As a group, equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

About Oracle

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.