Gilliland Jeter Wealth Management LLC Has $3.73 Million Position in Oracle Co. (NYSE:ORCL)

Gilliland Jeter Wealth Management LLC trimmed its holdings in Oracle Co. (NYSE:ORCL) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,885 shares of the enterprise software provider’s stock after selling 81 shares during the period. Oracle accounts for approximately 1.2% of Gilliland Jeter Wealth Management LLC’s holdings, making the stock its 16th largest position. Gilliland Jeter Wealth Management LLC’s holdings in Oracle were worth $3,729,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Oracle in the 2nd quarter worth approximately $27,000. POM Investment Strategies LLC bought a new position in shares of Oracle in the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the second quarter worth $35,000. Alaska Permanent Fund Corp bought a new stake in shares of Oracle during the 1st quarter worth $36,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in Oracle in the 1st quarter worth $38,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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 owns 42,889 shares in the company, valued at approximately $7,076,685. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ORCL shares. Mizuho raised their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Bank of America lifted their price target on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. JMP Securities increased their price objective on Oracle from $175.00 to $205.00 and gave the company a “market outperform” rating in a research report on Friday. Guggenheim boosted their target price on shares of Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus increased their price target on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.67.

Oracle Price Performance

Oracle stock opened at $174.69 on Monday. The business’s 50-day simple moving average is $156.29 and its 200 day simple moving average is $138.67. 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 stock has a market cap of $484.08 billion, a price-to-earnings ratio of 45.02, a P/E/G ratio of 3.25 and a beta of 1.01. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $178.61.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is currently 41.24%.

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.