TTP Investments Inc. Sells 306 Shares of Oracle Co. (NYSE:ORCL)

TTP Investments Inc. reduced its holdings in shares of Oracle Co. (NYSE:ORCL) by 13.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,024 shares of the enterprise software provider’s stock after selling 306 shares during the quarter. Oracle makes up about 0.1% of TTP Investments Inc.’s holdings, making the stock its 26th largest position. TTP Investments Inc.’s holdings in Oracle were worth $254,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Westend Capital Management LLC bought a new stake in shares of Oracle in the first quarter valued at $25,000. Tidemark LLC bought a new stake in shares of Oracle in the fourth quarter valued at $29,000. Nordwand Advisors LLC bought a new stake in shares of Oracle in the fourth quarter valued at $30,000. Frank Rimerman Advisors LLC purchased a new position in shares of Oracle in the fourth quarter valued at $30,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of Oracle in the first quarter valued at $36,000. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ORCL shares. BMO Capital Markets lifted their price target on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, June 17th. Morgan Stanley restated an “equal weight” rating and set a $125.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Guggenheim restated a “buy” rating and set a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Stifel Nicolaus boosted their target price on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, June 12th. Finally, DA Davidson restated a “neutral” rating and set a $105.00 target price on shares of Oracle in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $145.83.

Oracle Stock Down 0.9 %

Shares of ORCL stock traded down $1.25 during midday trading on Thursday, reaching $138.01. 5,998,112 shares of the stock were exchanged, compared to its average volume of 8,579,148. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59. The company’s 50 day moving average is $132.74 and its two-hundred day moving average is $121.66. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a market cap of $380.34 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.35 EPS. On average, equities research analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. Oracle’s payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the sale, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The disclosure for this sale can be found here. Insiders have sold 1,937,500 shares of company stock worth $275,229,824 in the last 90 days. Insiders own 42.80% of the company’s stock.

Oracle Company 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.