Little House Capital LLC Grows Position in Oracle Co. (NYSE:ORCL)

Little House Capital LLC grew its stake in Oracle Co. (NYSE:ORCL) by 29.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 33,625 shares of the enterprise software provider’s stock after buying an additional 7,712 shares during the period. Oracle comprises approximately 1.4% of Little House Capital LLC’s holdings, making the stock its 22nd biggest position. Little House Capital LLC’s holdings in Oracle were worth $4,224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Oracle by 39.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,991 shares of the enterprise software provider’s stock worth $846,000 after acquiring an additional 2,276 shares during the period. Rehmann Capital Advisory Group boosted its stake in Oracle by 5.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 10,040 shares of the enterprise software provider’s stock worth $1,064,000 after purchasing an additional 534 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Oracle by 27.5% in the third quarter. Jones Financial Companies Lllp now owns 49,785 shares of the enterprise software provider’s stock worth $5,273,000 after buying an additional 10,748 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in Oracle by 23.8% during the third quarter. Gallagher Fiduciary Advisors LLC now owns 3,042 shares of the enterprise software provider’s stock valued at $322,000 after acquiring an additional 585 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its stake in Oracle by 28.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 7,942 shares of the enterprise software provider’s stock worth $841,000 after purchasing an additional 1,777 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.2 %

ORCL traded up $1.70 on Monday, reaching $142.90. 4,337,702 shares of the company traded hands, compared to its average volume of 8,688,525. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The company has a market cap of $393.81 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02. The firm has a fifty day simple moving average of $125.24 and a two-hundred day simple moving average of $118.19. Oracle Co. has a one year low of $99.26 and a one year high of $145.32.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.35 EPS. As a group, equities research analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. Oracle’s payout ratio is currently 43.13%.

Insider Buying and Selling

In other news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Oracle news, Director George H. Conrades sold 20,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 385,639 shares of company stock valued at $53,002,729 over the last three months. 42.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. Stifel Nicolaus lifted their target price on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Oppenheimer initiated coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. raised their target price on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Mizuho upped their price target on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, Argus lifted their price objective on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle 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.