YHB Investment Advisors Inc. boosted its position in shares of Oracle Corporation (NYSE:ORCL) by 24.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,142 shares of the enterprise software provider’s stock after acquiring an additional 54,546 shares during the period. Oracle accounts for about 2.4% of YHB Investment Advisors Inc.’s holdings, making the stock its 7th biggest position. YHB Investment Advisors Inc.’s holdings in Oracle were worth $13,303,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Acrospire Investment Management LLC grew its stake in Oracle by 947.4% during the second quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock valued at $100,000 after acquiring an additional 1,800 shares in the last quarter. Burt Wealth Advisors grew its stake in Oracle by 4.3% during the second quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after acquiring an additional 88 shares in the last quarter. IHT Wealth Management LLC grew its stake in Oracle by 65.9% during the second quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock valued at $154,000 after acquiring an additional 947 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Oracle during the second quarter valued at approximately $129,000. Finally, ETF Managers Group LLC purchased a new position in Oracle during the second quarter valued at approximately $133,000. 57.89% of the stock is owned by institutional investors.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at approximately $885,043.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dorian Daley sold 100,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 136,954 shares of the company’s stock, valued at $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold a total of 111,250 shares of company stock valued at $5,306,238 over the last quarter. 29.00% of the stock is currently owned by company insiders.
Shares of Oracle Corporation (NYSE ORCL) opened at $49.51 on Friday. The firm has a market cap of $206,630.00, a P/E ratio of 21.25, a PEG ratio of 1.85 and a beta of 1.05. The company has a quick ratio of 5.04, a current ratio of 5.07 and a debt-to-equity ratio of 1.03. Oracle Corporation has a 1-year low of $38.59 and a 1-year high of $53.14.
Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $9.63 billion during the quarter, compared to analyst estimates of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. research analysts predict that Oracle Corporation will post 2.68 earnings per share for the current year.
Oracle announced that its board has approved a share buyback 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 repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. Oracle’s dividend payout ratio is currently 32.62%.
ORCL has been the subject of a number of research reports. UBS Group set a $55.00 price target on shares of Oracle and gave the stock a “neutral” rating in a research note on Friday, December 15th. Vetr raised shares of Oracle from a “hold” rating to a “strong-buy” rating and set a $60.60 price target for the company in a research note on Thursday, November 2nd. BidaskClub raised shares of Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Oppenheimer reissued a “hold” rating on shares of Oracle in a research note on Friday, December 15th. Finally, Barclays boosted their price target on shares of Oracle from $55.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have issued a buy rating to the stock. Oracle presently has a consensus rating of “Buy” and an average target price of $55.28.
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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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