Fragasso Financial Advisors Inc Reduces Holdings in Oracle Corporation $ORCL

Fragasso Financial Advisors Inc decreased its stake in shares of Oracle Corporation (NYSE:ORCL) by 22.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,520 shares of the enterprise software provider’s stock after selling 4,102 shares during the period. Fragasso Financial Advisors Inc’s holdings in Oracle were worth $4,155,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ORCL. Swiss National Bank increased its holdings in shares of Oracle by 7.6% during the second quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock valued at $1,113,526,000 after acquiring an additional 360,000 shares in the last quarter. Private Wealth Asset Management LLC grew its position in Oracle by 9.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock valued at $835,000 after purchasing an additional 321 shares during the last quarter. Soltis Investment Advisors LLC grew its position in Oracle by 4.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock valued at $7,201,000 after purchasing an additional 1,515 shares during the last quarter. Cascade Investment Group Inc. bought a new stake in Oracle during the 2nd quarter valued at about $239,000. Finally, Lockerman Financial Group Inc. purchased a new position in Oracle in the second quarter worth about $328,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Shares of ORCL opened at $188.52 on Wednesday. The firm has a market capitalization of $541.65 billion, a P/E ratio of 35.44, a PEG ratio of 1.69 and a beta of 1.66. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The business has a fifty day moving average of $241.52 and a 200 day moving average of $242.25.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. The company had revenue of $16.06 billion for the quarter, compared to the consensus estimate of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.Oracle’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 earnings per share. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, January 9th. Oracle’s payout ratio is 37.59%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Wolfe Research raised their price target on shares of Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Sanford C. Bernstein cut their target price on Oracle from $364.00 to $339.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Jefferies Financial Group lifted their target price on Oracle from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, October 17th. UBS Group set a $325.00 price target on Oracle in a report on Thursday, December 11th. Finally, Stifel Nicolaus dropped their price objective on Oracle from $350.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $302.92.

Insider Buying and Selling at Oracle

In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total value of $13,971,282.30. Following the sale, the director owned 151,999 shares in the company, valued at $43,018,756.98. The trade was a 24.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stuart Levey sold 19,758 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the transaction, the executive vice president directly owned 18,429 shares of the company’s stock, valued at $5,528,700. This trade represents a 51.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 155,190 shares of company stock valued at $45,279,001 in the last quarter. Insiders own 40.90% of the company’s stock.

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.