GHP Investment Advisors Inc. Has $14.07 Million Stake in Oracle Co. (NYSE:ORCL)

GHP Investment Advisors Inc. grew its stake in Oracle Co. (NYSE:ORCL) by 1.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 99,666 shares of the enterprise software provider’s stock after buying an additional 1,857 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Oracle were worth $14,073,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Oracle by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after buying an additional 1,514,569 shares during the last quarter. Capital World Investors grew its position in shares of Oracle by 0.4% in the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after purchasing an additional 82,551 shares during the last quarter. Parnassus Investments LLC increased its stake in shares of Oracle by 17.7% in the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after purchasing an additional 2,191,342 shares during the period. Janus Henderson Group PLC lifted its position in shares of Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares during the last quarter. Finally, Putnam Investments LLC boosted its stake in Oracle by 6.0% during the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after purchasing an additional 697,961 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ORCL. BMO Capital Markets lifted their price target on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. Evercore ISI raised their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group upped their price objective on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citigroup lifted their target price on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.68.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock valued at $266,776,624 over the last ninety days. Insiders own 42.80% of the company’s stock.

Oracle Stock Up 2.7 %

NYSE:ORCL opened at $161.36 on Friday. The company has a market cap of $447.12 billion, a price-to-earnings ratio of 43.49, a P/E/G ratio of 2.89 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s fifty day moving average price is $139.50 and its two-hundred day moving average price is $129.55. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $162.34.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. On average, analysts anticipate that Oracle Co. will post 5.03 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is 43.13%.

Oracle Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.