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

Lathrop Investment Management Corp raised its stake in shares of Oracle Co. (NYSE:ORCL) by 0.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 63,910 shares of the enterprise software provider’s stock after purchasing an additional 218 shares during the quarter. Oracle comprises about 2.0% of Lathrop Investment Management Corp’s investment portfolio, 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 SEC filing.

A number of other hedge funds have also modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Oracle during the second quarter worth $27,000. POM Investment Strategies LLC bought a new position in Oracle during the second quarter worth about $30,000. Bbjs Financial Advisors LLC acquired a new position in Oracle in the second quarter valued at about $35,000. Reston Wealth Management LLC bought a new stake in shares of Oracle in the third quarter worth about $44,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle during the second quarter worth about $40,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Oracle stock opened at $192.81 on Friday. The business’s 50-day moving average price is $175.02 and its two-hundred day moving average price is $148.68. The stock has a market cap of $534.29 billion, a PE ratio of 49.69, a P/E/G ratio of 3.48 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $196.04. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for 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 business’s quarterly revenue 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. As a group, analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. DA Davidson increased their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. JMP Securities upped their price objective on Oracle from $175.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. upped their price target on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, TD Cowen lifted their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.52.

Insider Transactions at Oracle

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

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.