Oracle Co. (NYSE:ORCL) Stock Holdings Lessened by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc lessened its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 34.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,113 shares of the enterprise software provider's stock after selling 9,911 shares during the quarter. Fragasso Financial Advisors Inc's holdings in Oracle were worth $2,672,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. R Squared Ltd bought a new position in shares of Oracle during the fourth quarter valued at about $25,000. Sunbeam Capital Management LLC purchased a new position in Oracle during the fourth quarter valued at $30,000. Hurley Capital LLC bought a new stake in Oracle during the fourth quarter worth about $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle in the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. increased its holdings in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent analyst reports. Piper Sandler reissued a "neutral" rating and issued a $130.00 target price (down previously from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Wall Street Zen lowered Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. BMO Capital Markets reduced their price objective on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Mizuho decreased their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $174.42.

Insider Activity

In related news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 over the last 90 days. Company insiders own 42.20% of the company's stock.

Oracle Trading Down 0.6%

ORCL stock traded down $0.97 on Wednesday, hitting $168.17. 6,242,397 shares of the company were exchanged, compared to its average volume of 9,504,894. Oracle Co. has a twelve month low of $118.72 and a twelve month high of $198.31. The business's fifty day moving average is $145.39 and its two-hundred day moving average is $160.82. The stock has a market capitalization of $470.36 billion, a price-to-earnings ratio of 41.12, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. 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 (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 EPS. As a group, research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 46.95%.

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.