YHB Investment Advisors Inc. Has $13.30 Million Position in Oracle Co. (ORCL)

YHB Investment Advisors Inc. lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 24.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,142 shares of the enterprise software provider’s stock after buying an additional 54,546 shares during the quarter. Oracle comprises 2.4% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 7th biggest position. YHB Investment Advisors Inc.’s holdings in Oracle were worth $13,303,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Acrospire Investment Management LLC increased its holdings in shares of Oracle by 947.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares during the last quarter. Burt Wealth Advisors grew its holdings in shares of Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock valued at $107,000 after purchasing an additional 88 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Oracle during the 2nd quarter valued at $129,000. ETF Managers Group LLC bought a new position in shares of Oracle during the 2nd quarter valued at $133,000. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of Oracle by 17.4% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,702 shares of the enterprise software provider’s stock valued at $135,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 58.08% of the company’s stock.

Several equities analysts recently commented on the stock. ValuEngine raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Friday. Vetr lowered shares of Oracle from a “buy” rating to a “hold” rating and set a $51.82 price target on the stock. in a report on Wednesday, January 17th. Instinet began coverage on shares of Oracle in a report on Wednesday, January 24th. They issued a “buy” rating and a $51.12 price target on the stock. BMO Capital Markets dropped their target price on shares of Oracle from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, December 15th. Finally, Royal Bank of Canada set a $51.00 target price on shares of Oracle and gave the stock a “neutral” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have given a buy rating to the company. Oracle currently has a consensus rating of “Buy” and an average target price of $55.39.

In other Oracle news, Director Naomi O. Seligman sold 45,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $51.34, for a total transaction of $2,310,300.00. Following the transaction, the director now directly owns 62,498 shares in the company, valued at approximately $3,208,647.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dorian Daley sold 100,000 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.00, for a total transaction of $5,200,000.00. Following the transaction, the executive vice president now owns 37,576 shares in the company, valued at $1,953,952. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,956,250 shares of company stock worth $98,313,363. Company insiders own 29.00% of the company’s stock.

Oracle Co. (NYSE:ORCL) traded down $1.50 during mid-day trading on Friday, reaching $50.13. 17,560,000 shares of the company’s stock were exchanged, compared to its average volume of 15,070,000. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. Oracle Co. has a fifty-two week low of $39.95 and a fifty-two week high of $53.14. The company has a market capitalization of $209,220.00, a PE ratio of 21.52, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Oracle had a net margin of 25.48% and a return on equity of 20.49%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. equities research analysts forecast that Oracle Co. will post 2.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Tuesday, January 9th. Oracle’s payout ratio is presently 32.62%.

Oracle announced that its board has approved a stock 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 purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: “YHB Investment Advisors Inc. Has $13.30 Million Position in Oracle Co. (ORCL)” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/04/oracle-corporation-orcl-is-yhb-investment-advisors-inc-s-7th-largest-position.html.

About Oracle

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.

Receive News & Ratings for Oracle Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Oracle and related companies with MarketBeat.com’s FREE daily email newsletter.