Stanley Laman Group Ltd. Has $440,000 Holdings in Oracle Co. (NYSE:ORCL)

Stanley Laman Group Ltd. increased its stake in shares of Oracle Co. (NYSE:ORCL) by 43.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,582 shares of the enterprise software provider’s stock after acquiring an additional 783 shares during the period. Stanley Laman Group Ltd.’s holdings in Oracle were worth $440,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Symphony Financial Ltd. Co. boosted its position in Oracle by 29.6% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 20,964 shares of the enterprise software provider’s stock worth $3,527,000 after acquiring an additional 4,789 shares during the last quarter. Waldron Private Wealth LLC lifted its position in shares of Oracle by 1.8% in the third quarter. Waldron Private Wealth LLC now owns 27,667 shares of the enterprise software provider’s stock worth $4,714,000 after purchasing an additional 476 shares in the last quarter. Leo Wealth LLC boosted its holdings in Oracle by 9.5% during the third quarter. Leo Wealth LLC now owns 6,274 shares of the enterprise software provider’s stock worth $1,069,000 after purchasing an additional 543 shares during the last quarter. Eastern Bank grew its position in Oracle by 59.6% in the third quarter. Eastern Bank now owns 286,475 shares of the enterprise software provider’s stock valued at $48,815,000 after purchasing an additional 106,982 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Oracle by 1.7% in the 3rd quarter. Signaturefd LLC now owns 43,987 shares of the enterprise software provider’s stock valued at $7,495,000 after buying an additional 728 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of Oracle stock opened at $173.10 on Thursday. The company has a 50-day simple moving average of $158.68 and a two-hundred day simple moving average of $139.61. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The stock has a market capitalization of $479.67 billion, a price-to-earnings ratio of 44.61, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01. 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 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. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period in the previous year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle’s payout ratio is 41.24%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’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 sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ORCL. TD Cowen increased their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Bank of America raised their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Sanford C. Bernstein upped their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $168.52.

About Oracle

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.