Perpetual Ltd Has $10.59 Million Stake in Oracle Co. (ORCL)

Perpetual Ltd lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 189.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 236,175 shares of the enterprise software provider’s stock after purchasing an additional 154,500 shares during the period. Oracle accounts for 1.6% of Perpetual Ltd’s holdings, making the stock its 23rd biggest position. Perpetual Ltd’s holdings in Oracle were worth $10,585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in ORCL. Motley Fool Asset Management LLC lifted its position in shares of Oracle by 23.1% in the third quarter. Motley Fool Asset Management LLC now owns 53,782 shares of the enterprise software provider’s stock worth $2,773,000 after purchasing an additional 10,083 shares in the last quarter. LSV Asset Management raised its position in shares of Oracle by 9.8% in the third quarter. LSV Asset Management now owns 3,793,118 shares of the enterprise software provider’s stock valued at $195,573,000 after purchasing an additional 339,413 shares during the period. Advisor Partners LLC raised its position in shares of Oracle by 8.9% in the third quarter. Advisor Partners LLC now owns 70,943 shares of the enterprise software provider’s stock valued at $3,658,000 after purchasing an additional 5,814 shares during the period. Comgest Global Investors S.A.S. raised its position in shares of Oracle by 18.0% in the third quarter. Comgest Global Investors S.A.S. now owns 2,783,300 shares of the enterprise software provider’s stock valued at $143,507,000 after purchasing an additional 425,300 shares during the period. Finally, Whitener Capital Management Inc. bought a new position in shares of Oracle in the third quarter valued at approximately $177,000. Institutional investors own 46.80% of the company’s stock.

A number of equities analysts have recently commented on ORCL shares. Royal Bank of Canada lifted their price target on shares of Oracle to $55.00 in a research report on Tuesday, December 18th. Sanford C. Bernstein reissued a “buy” rating and issued a $57.00 price target on shares of Oracle in a research report on Tuesday, December 18th. Standpoint Research raised shares of Oracle from a “hold” rating to a “buy” rating and set a $42.69 price target on the stock in a research report on Wednesday, December 26th. Goldman Sachs Group reissued a “buy” rating and issued a $55.00 price target on shares of Oracle in a research report on Monday, December 17th. Finally, Nomura set a $53.00 price objective on shares of Oracle and gave the stock a “buy” rating in a research note on Wednesday, December 12th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.12.

In other news, EVP Dorian Daley sold 25,000 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $45.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, the executive vice president now directly owns 102,919 shares in the company, valued at approximately $4,631,355. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $46.42, for a total value of $174,075.00. Following the transaction, the director now owns 27,969 shares of the company’s stock, valued at $1,298,320.98. The disclosure for this sale can be found here. Insiders have sold a total of 42,552 shares of company stock valued at $1,945,486 over the last three months. Company insiders own 32.00% of the company’s stock.

Shares of NYSE:ORCL opened at $53.05 on Friday. The stock has a market cap of $218.57 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.75 and a beta of 1.08. Oracle Co. has a 1-year low of $42.40 and a 1-year high of $53.47. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.80 and a quick ratio of 2.80.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Thursday, March 14th. The enterprise software provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.03. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. As a group, sell-side analysts expect that Oracle Co. will post 3.07 EPS for the current year.

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Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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