Little House Capital LLC Grows Holdings in Oracle Corporation $ORCL

Key Points

• Little House Capital LLC raised its stake in Oracle Corporation by 20.3% during the 2nd quarter, bringing its total holdings to 30,579 shares, valued at $6.68 million.
• Oracle Corporation's stock received multiple ratings upgrades from analysts, with targets being increased from $200.00 to as high as $375.00, reflecting strong market confidence in the company's performance.
• The company recently announced a quarterly dividend of $0.50 per share, with an annualized yield of 0.7%, indicating a commitment to returning value to shareholders.

Little House Capital LLC increased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 20.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,579 shares of the enterprise software provider's stock after acquiring an additional 5,154 shares during the quarter. Oracle comprises approximately 1.7% of Little House Capital LLC's holdings, making the stock its 18th biggest position. Little House Capital LLC's holdings in Oracle were worth $6,685,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew its holdings in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC purchased a new stake in Oracle during the 4th quarter valued at approximately $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Oracle during the 4th quarter valued at approximately $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ORCL shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. CIBC reiterated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Evercore ISI increased their target price on Oracle from $270.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Guggenheim increased their target price on Oracle from $250.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, Citigroup reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $303.44.

Oracle Stock Up 3.4%

Shares of ORCL opened at $302.10 on Tuesday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a market cap of $858.48 billion, a PE ratio of 69.93, a P/E/G ratio of 3.16 and a beta of 1.46. The business has a fifty day moving average of $246.08 and a 200 day moving average of $191.63. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is 46.30%.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,183 shares of company stock valued at $7,141,698 in the last three months. 42.20% of the stock is owned by company insiders.

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.

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