Oracle Co. (NYSE:ORCL) Shares Sold by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 15.5% in the fourth quarter, Holdings Channel reports. The firm owned 864 shares of the enterprise software provider’s stock after selling 159 shares during the period. Frazier Financial Advisors LLC’s holdings in Oracle were worth $144,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. lifted its position 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 worth $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the fourth quarter worth $47,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 1.3 %

ORCL stock opened at $145.88 on Friday. The firm has a market cap of $408.03 billion, a PE ratio of 35.67, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The firm has a 50 day simple moving average of $164.35 and a 200 day simple moving average of $170.11. 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) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 earnings per share. Equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is 46.95%.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ORCL shares. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada set a $145.00 price target on Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. Stifel Nicolaus lowered their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. Evercore ISI cut their target price on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, Cantor Fitzgerald decreased their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.20.

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.