GHP Investment Advisors Inc. Raises Stake in Oracle Co. (NYSE:ORCL)

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GHP Investment Advisors Inc. boosted its position in Oracle Co. (NYSE:ORCL) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,447 shares of the enterprise software provider’s stock after buying an additional 278 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Oracle were worth $4,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meridian Financial Partners LLC boosted its stake in Oracle by 2.2% in the first quarter. Meridian Financial Partners LLC now owns 10,181 shares of the enterprise software provider’s stock worth $555,000 after buying an additional 224 shares in the last quarter. B. Riley Wealth Management Inc. boosted its stake in Oracle by 9.7% in the first quarter. B. Riley Wealth Management Inc. now owns 6,537 shares of the enterprise software provider’s stock worth $351,000 after buying an additional 578 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Oracle by 7.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099,788 shares of the enterprise software provider’s stock worth $59,070,000 after buying an additional 77,283 shares in the last quarter. Boenning & Scattergood Inc. boosted its stake in Oracle by 119.3% in the first quarter. Boenning & Scattergood Inc. now owns 14,265 shares of the enterprise software provider’s stock worth $766,000 after buying an additional 7,761 shares in the last quarter. Finally, LifePlan Financial Group Inc boosted its stake in Oracle by 12.3% in the first quarter. LifePlan Financial Group Inc now owns 1,977 shares of the enterprise software provider’s stock worth $106,000 after buying an additional 217 shares in the last quarter. 54.23% of the stock is owned by institutional investors and hedge funds.

Shares of Oracle stock traded up $1.00 during midday trading on Friday, reaching $53.59. 9,836,000 shares of the company’s stock traded hands, compared to its average volume of 10,554,823. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market cap of $174.53 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. The stock has a 50 day moving average of $57.09 and a 200-day moving average of $54.29. Oracle Co. has a 12 month low of $42.40 and a 12 month high of $60.50.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $11.14 billion during the quarter, compared to the consensus estimate of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. On average, equities analysts anticipate that Oracle Co. will post 3.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. Oracle’s dividend payout ratio is presently 30.38%.

A number of analysts have recently weighed in on the company. Goldman Sachs Group reissued a “buy” rating and set a $58.00 price objective on shares of Oracle in a research note on Thursday, June 20th. Wedbush reissued a “neutral” rating and set a $55.00 price objective (down previously from $55.92) on shares of Oracle in a research note on Thursday, June 20th. Wells Fargo & Co increased their price objective on Oracle from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. BMO Capital Markets reissued a “market perform” rating and set a $59.00 price objective (up previously from $53.00) on shares of Oracle in a research note on Thursday, June 20th. Finally, Barclays increased their price objective on Oracle from $55.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the stock. Oracle presently has an average rating of “Hold” and a consensus target price of $54.76.

In other Oracle news, CAO W Corey West sold 50,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $56.25, for a total value of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now owns 85,348 shares in the company, valued at $4,800,825. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 90,000 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $59.52, for a total value of $5,356,800.00. Following the completion of the transaction, the director now owns 82,310 shares of the company’s stock, valued at approximately $4,899,091.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,352,500 shares of company stock valued at $76,708,925. 32.00% of the stock is owned by corporate insiders.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company 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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