Lathrop Investment Management Corp Has $10.89 Million Holdings in Oracle Co. (NYSE:ORCL)

Lathrop Investment Management Corp increased its stake in shares of Oracle Co. (NYSE:ORCL) by 0.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 63,910 shares of the enterprise software provider’s stock after acquiring an additional 218 shares during the period. Oracle accounts for about 2.0% of Lathrop Investment Management Corp’s holdings, making the stock its 26th largest position. Lathrop Investment Management Corp’s holdings in Oracle were worth $10,890,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Janus Henderson Group PLC raised its holdings in Oracle by 148.8% in 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 acquiring an additional 7,699,141 shares during the period. PineStone Asset Management Inc. grew its position in shares of Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after purchasing an additional 2,219,450 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Oracle by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock worth $532,920,000 after purchasing an additional 2,093,893 shares during the period. International Assets Investment Management LLC lifted its position in shares of Oracle by 16,023.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after purchasing an additional 2,052,275 shares during the last quarter. Finally, Altshuler Shaham Ltd boosted its stake in Oracle by 5,853.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 1,552,580 shares of the enterprise software provider’s stock valued at $219,224,000 after purchasing an additional 1,526,500 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This trade represents a 12.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent analyst reports. 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, September 10th. Melius Research raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. JMP Securities raised their price target on shares of Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Barclays upped their price objective on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Sanford C. Bernstein lifted their target price on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $169.52.

Oracle Trading Up 1.1 %

ORCL stock opened at $192.81 on Friday. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $534.29 billion, a price-to-earnings ratio of 49.69, a P/E/G ratio of 3.48 and a beta of 1.02. The business has a fifty day moving average price of $175.02 and a 200 day moving average price of $148.68. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $196.04.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $0.95 earnings per share. Analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Thursday, October 10th. Oracle’s dividend payout ratio is currently 41.24%.

Oracle Company 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.