Perpetual Ltd Has $179.85 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Perpetual Ltd boosted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 46.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,286,415 shares of the enterprise software provider's stock after purchasing an additional 410,590 shares during the period. Oracle accounts for approximately 2.2% of Perpetual Ltd's portfolio, making the stock its 11th biggest position. Perpetual Ltd's holdings in Oracle were worth $179,854,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Rockland Trust Co. raised its holdings in shares of Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after purchasing an additional 467 shares in the last quarter. Cornerstone Advisory LLC increased its position in Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after buying an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. bought a new position in Oracle during the fourth quarter valued at about $211,000. Secure Asset Management LLC lifted its position in shares of Oracle by 21.8% in the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock worth $1,850,000 after buying an additional 2,365 shares during the last quarter. Finally, City National Bank of Florida MSD bought a new stake in shares of Oracle during the 4th quarter worth about $274,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider now directly owns 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock worth $83,395,223 over the last ninety days. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE:ORCL opened at $213.28 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a 50-day moving average price of $166.79 and a 200 day moving average price of $162.13. The firm has a market capitalization of $599.07 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 3.16 and a beta of 1.32. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $216.93.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent analyst reports. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. CIBC restated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Royal Bank Of Canada lifted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. Finally, Cowen reissued a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $197.67.

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.

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