GHP Investment Advisors Inc. Grows Stake in Oracle Co. (ORCL)

GHP Investment Advisors Inc. grew its holdings in Oracle Co. (NYSE:ORCL) by 3.5% during the 4th quarter, Holdings Channel reports. The firm owned 82,720 shares of the enterprise software provider’s stock after buying an additional 2,788 shares during the period. GHP Investment Advisors Inc.’s holdings in Oracle were worth $3,911,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ORCL. Strategy Asset Managers LLC boosted its position in Oracle by 22.3% during the third quarter. Strategy Asset Managers LLC now owns 257,359 shares of the enterprise software provider’s stock worth $12,443,000 after acquiring an additional 46,866 shares during the last quarter. Westpac Banking Corp raised its stake in Oracle by 19.0% during the third quarter. Westpac Banking Corp now owns 670,335 shares of the enterprise software provider’s stock worth $32,411,000 after purchasing an additional 107,214 shares during the period. Canada Pension Plan Investment Board raised its stake in Oracle by 17.2% during the third quarter. Canada Pension Plan Investment Board now owns 4,750,762 shares of the enterprise software provider’s stock worth $229,699,000 after purchasing an additional 697,747 shares during the period. YHB Investment Advisors Inc. raised its stake in Oracle by 24.7% during the third quarter. YHB Investment Advisors Inc. now owns 275,142 shares of the enterprise software provider’s stock worth $13,303,000 after purchasing an additional 54,546 shares during the period. Finally, CNA Financial Corp raised its stake in Oracle by 11.0% during the third quarter. CNA Financial Corp now owns 236,275 shares of the enterprise software provider’s stock worth $11,424,000 after purchasing an additional 23,500 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

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In related news, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the sale, the executive vice president now owns 37,576 shares of the company’s stock, valued at approximately $1,953,952. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 45,000 shares of Oracle stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the sale, the director now directly owns 62,498 shares in the company, valued at approximately $3,208,647.32. The disclosure for this sale can be found here. Insiders have sold a total of 356,250 shares of company stock worth $17,254,288 in the last ninety days. 29.00% of the stock is currently owned by insiders.

A number of research firms have weighed in on ORCL. Barclays increased their price target on shares of Oracle from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, March 12th. They noted that the move was a valuation call. OTR Global downgraded shares of Oracle to a “positive” rating in a research note on Friday, March 9th. Cleveland Research reaffirmed a “hold” rating on shares of Oracle in a research note on Saturday, March 17th. Morgan Stanley reaffirmed a “buy” rating on shares of Oracle in a research note on Sunday, March 18th. Finally, Instinet began coverage on shares of Oracle in a research note on Wednesday, January 24th. They set a “buy” rating and a $51.12 price target on the stock. Seventeen investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $56.11.

Shares of ORCL stock opened at $46.23 on Friday. Oracle Co. has a 52 week low of $43.60 and a 52 week high of $53.48. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $193,816.17, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.11. Oracle had a net margin of 9.25% and a return on equity of 21.77%. The firm had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. equities analysts expect that Oracle Co. will post 2.76 earnings per share for the current year.

Oracle announced that its board has initiated a stock buyback program on Friday, February 2nd that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the enterprise software provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, April 16th. Oracle’s dividend payout ratio (DPR) is 30.52%.

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About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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