Little House Capital LLC Sells 1,194 Shares of Oracle Co. (NYSE:ORCL)

Little House Capital LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,792 shares of the enterprise software provider’s stock after selling 1,194 shares during the quarter. Oracle accounts for about 1.6% of Little House Capital LLC’s holdings, making the stock its 24th biggest position. Little House Capital LLC’s holdings in Oracle were worth $5,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Geode Capital Management LLC increased its stake in shares of Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after purchasing an additional 885,041 shares during the period. Franklin Resources Inc. lifted its holdings in Oracle by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock worth $3,049,824,000 after buying an additional 310,709 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after acquiring an additional 54,868 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ORCL has been the subject of several analyst reports. Morgan Stanley lifted their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Citigroup increased their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald started coverage on Oracle in a research report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

Shares of ORCL opened at $173.50 on Friday. The business has a 50-day simple moving average of $169.33 and a two-hundred day simple moving average of $165.59. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The stock has a market cap of $485.27 billion, a PE ratio of 42.42, a PEG ratio of 3.39 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business earned $1.34 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio is 39.12%.

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.