GHP Investment Advisors Inc. Acquires 2,157 Shares of Oracle Corporation (ORCL)
GHP Investment Advisors Inc. lifted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,033 shares of the enterprise software provider’s stock after purchasing an additional 2,157 shares during the period. GHP Investment Advisors Inc.’s holdings in Oracle Corporation were worth $3,258,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ORCL. Reilly Financial Advisors LLC increased its stake in shares of Oracle Corporation by 8.7% during the 1st quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock worth $112,000 after purchasing an additional 200 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Oracle Corporation by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock worth $120,000 after purchasing an additional 1,264 shares in the last quarter. Heritage Trust Co purchased a new position in shares of Oracle Corporation during the 1st quarter worth approximately $130,000. Clean Yield Group purchased a new position in shares of Oracle Corporation during the 1st quarter worth approximately $131,000. Finally, Pinnacle Bank purchased a new position in shares of Oracle Corporation during the 1st quarter worth approximately $160,000. 58.67% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Mark V. Hurd sold 350,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $49.76, for a total transaction of $17,416,000.00. Following the completion of the sale, the chief executive officer now owns 553,891 shares in the company, valued at approximately $27,561,616.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP W Corey West sold 150,000 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the sale, the executive vice president now owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,817,500 shares of company stock valued at $91,560,925. Corporate insiders own 29.00% of the company’s stock.
Shares of Oracle Corporation (ORCL) traded up 0.58% during midday trading on Monday, hitting $50.62. 8,716,795 shares of the company were exchanged. The stock has a market cap of $209.40 billion, a PE ratio of 22.90 and a beta of 1.05. Oracle Corporation has a one year low of $37.62 and a one year high of $51.85. The stock’s 50-day moving average is $49.77 and its 200-day moving average is $46.37.
Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. During the same quarter in the prior year, the company posted $0.81 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Oracle Corporation will post $2.95 EPS for the current year.
A number of research analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and set a $52.00 price objective on shares of Oracle Corporation in a research note on Tuesday, July 25th. Pacific Crest restated an “equal weight” rating on shares of Oracle Corporation in a research report on Friday, June 23rd. MKM Partners restated a “neutral” rating and set a $48.00 target price (up previously from $45.00) on shares of Oracle Corporation in a research report on Friday, June 23rd. Mitsubishi UFJ Financial Group set a $63.00 target price on shares of Oracle Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Jefferies Group LLC restated a “buy” rating and set a $60.00 target price on shares of Oracle Corporation in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $50.81.
Oracle Corporation 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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