GHP Investment Advisors Inc. lifted its stake in Oracle Corporation (NYSE:ORCL) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,932 shares of the enterprise software provider’s stock after buying 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 filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. raised its stake in Oracle by 6,353.4% during the 1st quarter. Macquarie Group Ltd. now owns 18,640,774 shares of the enterprise software provider’s stock valued at $831,551,000 after purchasing an additional 18,351,920 shares during the period. Security National Bank of SO Dak raised its stake in Oracle by 0.5% during the 1st quarter. Security National Bank of SO Dak now owns 32,109 shares of the enterprise software provider’s stock valued at $1,433,000 after purchasing an additional 144 shares during the period. Green Square Capital LLC bought a new stake in Oracle during the 1st quarter valued at approximately $276,000. Bath Savings Trust Co bought a new stake in Oracle during the 2nd quarter valued at approximately $342,000. Finally, Toth Financial Advisory Corp raised its stake in Oracle by 19.8% during the 2nd quarter. Toth Financial Advisory Corp now owns 34,210 shares of the enterprise software provider’s stock valued at $1,715,000 after purchasing an additional 5,647 shares during the period. 57.89% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on ORCL shares. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. UBS Group reissued a “neutral” rating and set a $55.00 target price (down previously from $57.00) on shares of Oracle in a research note on Thursday, November 9th. Vetr downgraded Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 target price on the stock. in a research note on Monday, November 20th. Drexel Hamilton reissued a “buy” rating and set a $62.00 target price on shares of Oracle in a research note on Thursday, September 14th. Finally, BidaskClub raised Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Oracle has an average rating of “Buy” and a consensus price target of $55.28.
Shares of Oracle Corporation (ORCL) opened at $49.06 on Wednesday. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $204,750.00, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05. Oracle Corporation has a 1 year low of $38.59 and a 1 year high of $53.14.
Oracle (NYSE:ORCL) last issued its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. The business had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. Oracle had a return on equity of 20.49% and a net margin of 25.48%. Oracle’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. equities research analysts predict that Oracle Corporation will post 2.68 earnings per share for the current year.
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 given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is presently 32.62%.
Oracle declared that its board has approved a stock buyback program on Thursday, December 14th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In other Oracle news, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares of the company’s stock, valued at approximately $6,517,640.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction on Monday, October 16th. The shares were sold at an average price of $48.70, for a total value of $182,625.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,250 shares of company stock valued at $5,306,238. 29.00% of the stock is currently owned by corporate insiders.
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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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