Stanley Laman Group Ltd. grew its position in shares of Oracle Co. (NYSE:ORCL) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,607 shares of the enterprise software provider’s stock after purchasing an additional 481 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Oracle were worth $1,288,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisory Services Network LLC grew its holdings in shares of Oracle by 7.4% in the 2nd quarter. Advisory Services Network LLC now owns 35,926 shares of the enterprise software provider’s stock worth $2,047,000 after acquiring an additional 2,460 shares during the last quarter. Coastal Investment Advisors Inc. grew its holdings in shares of Oracle by 22.8% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,575 shares of the enterprise software provider’s stock worth $148,000 after acquiring an additional 478 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Oracle by 1.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 841,491 shares of the enterprise software provider’s stock worth $47,940,000 after acquiring an additional 15,977 shares during the last quarter. Willingdon Wealth Management grew its holdings in shares of Oracle by 4.3% in the 2nd quarter. Willingdon Wealth Management now owns 102,621 shares of the enterprise software provider’s stock worth $5,846,000 after acquiring an additional 4,204 shares during the last quarter. Finally, Westpac Banking Corp grew its holdings in shares of Oracle by 2.6% in the 2nd quarter. Westpac Banking Corp now owns 800,532 shares of the enterprise software provider’s stock worth $45,606,000 after acquiring an additional 20,589 shares during the last quarter. Institutional investors and hedge funds own 54.23% of the company’s stock.

A number of equities analysts recently issued reports on ORCL shares. William Blair restated a “market perform” rating on shares of Oracle in a report on Thursday, June 20th. Wells Fargo & Co lifted their target price on Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Raymond James lifted their target price on Oracle from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Macquarie cut Oracle from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $56.00 to $55.00 in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Finally, ValuEngine cut Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $54.58.

In related news, CEO Mark V. Hurd sold 787,500 shares of Oracle stock in a transaction on Friday, June 21st. The stock was sold at an average price of $56.29, for a total transaction of $44,328,375.00. Following the completion of the sale, the chief executive officer now owns 874,871 shares of the company’s stock, valued at $49,246,488.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 90,000 shares of Oracle stock in a transaction on Friday, July 12th. The shares were sold at an average price of $59.52, for a total value of $5,356,800.00. Following the sale, the director now directly owns 82,310 shares of the company’s stock, valued at approximately $4,899,091.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,352,500 shares of company stock valued at $76,708,925. Insiders own 32.00% of the company’s stock.

ORCL traded down $0.66 during trading on Wednesday, reaching $52.59. 2,412,819 shares of the stock traded hands, compared to its average volume of 13,943,363. The stock has a market cap of $179.80 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $60.50. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.49 and a current ratio of 2.49. The firm’s 50-day moving average price is $57.33.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. On average, equities research analysts expect that Oracle Co. will post 3.5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.83%. Oracle’s payout ratio is 30.38%.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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