Little House Capital LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,224 shares of the enterprise software provider’s stock, valued at approximately $1,278,000.
Other institutional investors have also added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at approximately $123,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in Oracle during the 3rd quarter worth approximately $217,000. Vestmark Advisory Solutions Inc. raised its holdings in Oracle by 4.1% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 25,502 shares of the enterprise software provider’s stock worth $1,403,000 after buying an additional 1,008 shares during the period. Grimes & Company Inc. raised its holdings in Oracle by 2.8% during the 3rd quarter. Grimes & Company Inc. now owns 176,391 shares of the enterprise software provider’s stock worth $9,707,000 after buying an additional 4,768 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in Oracle during the 3rd quarter worth approximately $2,835,000. Institutional investors own 53.90% of the company’s stock.
In related news, Director Renee Jo James sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $53.56, for a total value of $160,680.00. Following the completion of the transaction, the director now directly owns 32,886 shares of the company’s stock, valued at $1,761,374.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark V. Hurd sold 787,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,038,755 shares of the company’s stock, valued at $53,807,509. The disclosure for this sale can be found here. Insiders have sold a total of 849,786 shares of company stock valued at $44,213,156 over the last ninety days. Company insiders own 36.60% of the company’s stock.
Shares of ORCL traded down $0.06 during mid-day trading on Monday, hitting $56.43. 4,982,084 shares of the company’s stock were exchanged, compared to its average volume of 9,699,096. The company has a market cap of $182.74 billion, a PE ratio of 17.86, a P/E/G ratio of 1.65 and a beta of 1.16. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $60.50. The company has a 50-day simple moving average of $54.79 and a 200 day simple moving average of $54.81. The company has a debt-to-equity ratio of 2.67, a current ratio of 2.25 and a quick ratio of 2.25.
Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. The company had revenue of $9.22 billion during the quarter, compared to analysts’ expectations of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 48.85%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. On average, analysts anticipate that Oracle Co. will post 3.47 earnings per share for the current year.
Oracle declared that its board has authorized a stock repurchase plan on Wednesday, September 11th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the enterprise software provider to repurchase up to 8.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.70%. Oracle’s dividend payout ratio is currently 30.38%.
Several analysts have commented on the stock. Barclays restated a “neutral” rating and set a $61.00 target price on shares of Oracle in a report on Friday, November 1st. Wedbush restated a “neutral” rating and set a $55.00 target price on shares of Oracle in a report on Friday, September 13th. Argus restated a “buy” rating on shares of Oracle in a report on Friday, September 13th. JPMorgan Chase & Co. set a $56.00 target price on shares of Oracle and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Macquarie restated a “hold” rating on shares of Oracle in a report on Thursday, September 12th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Oracle currently has an average rating of “Hold” and a consensus target price of $56.80.
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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