YHB Investment Advisors Inc. Boosts Position in Oracle Corporation (ORCL)
YHB Investment Advisors Inc. boosted its position in shares of Oracle Corporation (NYSE:ORCL) by 24.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 275,142 shares of the enterprise software provider’s stock after buying an additional 54,546 shares during the quarter. Oracle makes up about 2.4% of YHB Investment Advisors Inc.’s holdings, making the stock its 7th biggest holding. YHB Investment Advisors Inc.’s holdings in Oracle were worth $13,303,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of ORCL. Acrospire Investment Management LLC increased its position 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 valued at $100,000 after purchasing an additional 1,800 shares during the period. Burt Wealth Advisors increased its position in Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the period. State of Alaska Department of Revenue purchased a new position in Oracle during the 2nd quarter valued at $129,000. ETF Managers Group LLC purchased a new position in Oracle during the 2nd quarter valued at $133,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position 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 valued at $135,000 after purchasing an additional 400 shares during the period. Institutional investors own 57.89% of the company’s stock.
Shares of Oracle Corporation (ORCL) opened at $49.51 on Friday. Oracle Corporation has a 1 year low of $38.59 and a 1 year high of $53.14. The company has a market cap of $206,630.00, a PE ratio of 21.25, a P/E/G ratio of 1.85 and a beta of 1.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.04 and a current ratio of 5.07.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the firm posted $0.61 EPS. Oracle’s revenue for the quarter was up 6.2% on a year-over-year basis. equities analysts predict that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is 32.62%.
Oracle declared that its board has initiated a stock buyback plan on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
A number of research analysts have issued reports on the stock. Drexel Hamilton reissued a “buy” rating and set a $62.00 price objective on shares of Oracle in a research report on Tuesday, January 2nd. Morgan Stanley raised shares of Oracle from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $46.63 to $47.71 in a research report on Wednesday, January 3rd. BTIG Research reaffirmed a “buy” rating and issued a $58.00 target price on shares of Oracle in a research report on Tuesday, September 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of Oracle in a research report on Saturday, September 16th. Finally, BidaskClub downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $55.28.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the transaction, the executive vice president now owns 136,954 shares in the company, valued at approximately $6,517,640.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the transaction, the director now owns 18,125 shares in the company, valued at approximately $885,043.75. The disclosure for this sale can be found here. Insiders have sold a total of 111,250 shares of company stock worth $5,306,238 over the last three months. 29.00% of the stock is currently owned by insiders.
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Oracle Company Profile
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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