Perpetual Ltd Sells 68,440 Shares of Oracle Co. (NYSE:ORCL)

Perpetual Ltd decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 40.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,698 shares of the enterprise software provider’s stock after selling 68,440 shares during the period. Perpetual Ltd’s holdings in Oracle were worth $12,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invst LLC grew its stake in shares of Oracle by 2.7% during the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after acquiring an additional 86 shares during the period. Nemes Rush Group LLC increased its stake in shares of Oracle by 1.2% in the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after purchasing an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC raised its position in shares of Oracle by 1.1% during the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after purchasing an additional 90 shares during the period. Sovereign Financial Group Inc. lifted its stake in shares of Oracle by 2.9% during the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after buying an additional 90 shares in the last quarter. Finally, Godshalk Welsh Capital Management Inc. boosted its holdings in Oracle by 0.3% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock worth $3,525,000 after buying an additional 90 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In related news, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Oracle news, Director Michael J. Boskin sold 45,000 shares of Oracle 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 completion of the sale, the director now directly owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 880,000 shares of company stock worth $110,488,150. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $142.95 on Friday. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.85. The firm has a market capitalization of $392.90 billion, a P/E ratio of 38.53, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.32. The company’s 50-day moving average is $122.66 and its 200 day moving average is $116.88.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised their price target on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. upped their price target on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday. Finally, The Goldman Sachs Group upped their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $144.79.

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.