DDFG Inc Sells 384 Shares of Oracle Co. (NYSE:ORCL)

DDFG Inc trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,187 shares of the enterprise software provider’s stock after selling 384 shares during the quarter. DDFG Inc’s holdings in Oracle were worth $364,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ORCL. Activest Wealth Management boosted its holdings in shares of Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after buying an additional 56 shares in the last quarter. Second Line Capital LLC boosted its holdings in shares of Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after buying an additional 58 shares in the last quarter. Cadence Bank raised its position in shares of Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares during the last quarter. Requisite Capital Management LLC boosted its stake in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after purchasing an additional 60 shares in the last quarter. Finally, McLean Asset Management Corp boosted its stake in Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after purchasing an additional 61 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ORCL shares. BMO Capital Markets lifted their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Guggenheim lifted their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. DA Davidson lifted their target price on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald cut shares of Oracle to an “overweight” rating in a research note on Monday, February 10th. Finally, UBS Group lifted their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Twelve research analysts have rated the stock with 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Price Performance

Shares of NYSE ORCL opened at $161.91 on Tuesday. The firm has a market cap of $452.86 billion, a PE ratio of 39.59, a PEG ratio of 3.46 and a beta of 1.05. The firm has a fifty day moving average of $168.79 and a 200 day moving average of $169.01. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a one year low of $110.36 and a one year high of $198.31.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s 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.