Little House Capital LLC Acquires 2,219 Shares of Oracle Co. (NYSE:ORCL)

Little House Capital LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,913 shares of the enterprise software provider’s stock after purchasing an additional 2,219 shares during the quarter. Little House Capital LLC’s holdings in Oracle were worth $2,732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Oracle during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in Oracle in the third quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted its stake in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its stake in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 2.0 %

Shares of NYSE:ORCL traded up $2.32 on Friday, hitting $117.21. 8,355,111 shares of the company traded hands, compared to its average volume of 5,810,524. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a 50 day simple moving average of $119.42 and a 200-day simple moving average of $113.13. The company has a market cap of $322.15 billion, a PE ratio of 30.93, a PEG ratio of 2.35 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ORCL. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Oppenheimer began coverage on Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating for the company. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Piper Sandler dropped their price objective on Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, January 2nd. Finally, HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

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.