Kirtland Hills Capital Management LLC Buys 118 Shares of Oracle Co. (NYSE:ORCL)

Kirtland Hills Capital Management LLC raised its stake in Oracle Co. (NYSE:ORCL) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,964 shares of the enterprise software provider’s stock after buying an additional 118 shares during the period. Kirtland Hills Capital Management LLC’s holdings in Oracle were worth $1,327,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. FFT Wealth Management LLC boosted its stake in shares of Oracle by 5.8% in the 4th quarter. FFT Wealth Management LLC now owns 2,020 shares of the enterprise software provider’s stock valued at $337,000 after purchasing an additional 111 shares in the last quarter. Longbow Finance SA boosted its stake in shares of Oracle by 5.0% in the 4th quarter. Longbow Finance SA now owns 69,077 shares of the enterprise software provider’s stock valued at $11,511,000 after purchasing an additional 3,271 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new stake in shares of Oracle in the 4th quarter valued at $483,000. Los Angeles Capital Management LLC boosted its stake in shares of Oracle by 5.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 915,132 shares of the enterprise software provider’s stock valued at $152,498,000 after purchasing an additional 49,252 shares in the last quarter. Finally, Todd Asset Management LLC boosted its stake in shares of Oracle by 1.7% in the 4th quarter. Todd Asset Management LLC now owns 251,557 shares of the enterprise software provider’s stock valued at $41,919,000 after purchasing an additional 4,092 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several analyst reports. Evercore ISI increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Stifel Nicolaus increased their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of NYSE:ORCL opened at $168.51 on Wednesday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1-year low of $109.79 and a 1-year high of $198.31. The company has a market capitalization of $471.31 billion, a P/E ratio of 41.20, a P/E/G ratio of 3.46 and a beta of 1.05. The firm’s 50 day simple moving average is $168.94 and its two-hundred day simple moving average is $168.12.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is currently 39.12%.

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.