GHP Investment Advisors Inc. Buys 3,818 Shares of Oracle Corporation (ORCL)
GHP Investment Advisors Inc. lifted its stake in Oracle Corporation (NYSE:ORCL) by 5.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 79,932 shares of the enterprise software provider’s stock after purchasing an additional 3,818 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Oracle were worth $3,865,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its stake in Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares during the last quarter. Burt Wealth Advisors grew its stake in Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Oracle during the 2nd quarter worth $129,000. ETF Managers Group LLC purchased a new position in Oracle during the 2nd quarter worth $133,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in Oracle by 17.4% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,702 shares of the enterprise software provider’s stock worth $135,000 after buying an additional 400 shares during the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $48.40, for a total transaction of $181,500.00. Following the completion of the transaction, the director now owns 18,125 shares of the company’s stock, valued at $877,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00. Following the transaction, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold 111,250 shares of company stock valued at $5,306,238 in the last three months. Insiders own 29.00% of the company’s stock.
ORCL has been the topic of several research analyst reports. UBS Group set a $55.00 target price on Oracle and gave the stock a “neutral” rating in a research note on Friday, December 15th. Vetr upgraded Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 target price on the stock in a research note on Thursday, November 2nd. BidaskClub upgraded Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Oppenheimer restated a “hold” rating on shares of Oracle in a research note on Friday, December 15th. Finally, Barclays boosted their target price on Oracle from $55.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Oracle presently has a consensus rating of “Buy” and an average target price of $55.28.
Oracle Corporation (ORCL) opened at $49.06 on Wednesday. Oracle Corporation has a fifty-two week low of $38.59 and a fifty-two week high of $53.14. The company has a market capitalization of $204,750.00, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03.
Oracle (NYSE:ORCL) last announced its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. equities research analysts expect that Oracle Corporation will post 2.68 EPS for the current fiscal year.
Oracle declared that its Board of Directors has approved a share repurchase plan on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. Oracle’s payout ratio is currently 32.62%.
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Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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