Glass Jacobson Investment Advisors llc Buys 968 Shares of Oracle Co. (NYSE:ORCL)

Glass Jacobson Investment Advisors llc raised its position in shares of Oracle Co. (NYSE:ORCL) by 44.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,131 shares of the enterprise software provider’s stock after purchasing an additional 968 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Oracle were worth $533,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ORCL. State Street Corp increased its position in Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Oracle by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after buying an additional 310,709 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Oracle by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after buying an additional 54,868 shares during the last quarter. Legal & General Group Plc raised its position in shares of Oracle by 2.3% during the 2nd 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Oracle by 6.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,474,912 shares of the enterprise software provider’s stock valued at $1,955,325,000 after acquiring an additional 691,193 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 2.9 %

NYSE ORCL opened at $191.69 on Monday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $196.04. The company has a 50 day moving average price of $179.36 and a 200 day moving average price of $154.20. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market cap of $531.18 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 3.49 and a beta of 1.03.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 5.06 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 12.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on ORCL. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research note on Thursday. Piper Sandler raised their target price on shares of Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their price objective on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $171.52.

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.