Perpetual Ltd Acquires 154,500 Shares of Oracle Co. (ORCL)

Perpetual Ltd boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 189.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,175 shares of the enterprise software provider’s stock after buying an additional 154,500 shares during the period. Oracle comprises 1.6% of Perpetual Ltd’s portfolio, making the stock its 23rd largest holding. Perpetual Ltd’s holdings in Oracle were worth $10,585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Csenge Advisory Group bought a new position in shares of Oracle in the third quarter valued at about $25,000. Massey Quick Simon & CO. LLC raised its holdings in shares of Oracle by 220.9% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock valued at $27,000 after buying an additional 413 shares during the last quarter. Mondrian Capital Management LLC bought a new position in shares of Oracle in the fourth quarter valued at about $45,000. Cordasco Financial Network raised its holdings in shares of Oracle by 225.0% in the fourth quarter. Cordasco Financial Network now owns 1,300 shares of the enterprise software provider’s stock valued at $59,000 after buying an additional 900 shares during the last quarter. Finally, Edge Wealth Management LLC raised its holdings in shares of Oracle by 101.3% in the fourth quarter. Edge Wealth Management LLC now owns 1,590 shares of the enterprise software provider’s stock valued at $72,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 46.80% of the company’s stock.

A number of research analysts recently issued reports on ORCL shares. Nomura set a $53.00 price target on Oracle and gave the company a “buy” rating in a report on Wednesday, December 12th. BMO Capital Markets cut Oracle from an “outperform” rating to a “market perform” rating in a report on Friday. Barclays cut Oracle from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $60.00 to $55.00 in a report on Wednesday, January 9th. UBS Group reaffirmed a “neutral” rating and issued a $51.00 price target on shares of Oracle in a report on Tuesday, December 18th. Finally, Atlantic Securities started coverage on Oracle in a report on Wednesday, January 9th. They issued an “underweight” rating and a $45.00 price target for the company. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have issued a buy rating to the stock. Oracle currently has an average rating of “Hold” and an average price target of $52.12.

In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $51.51, for a total transaction of $193,162.50. Following the completion of the transaction, the director now directly owns 27,969 shares in the company, valued at approximately $1,440,683.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $1,125,000.00. Following the transaction, the executive vice president now owns 102,919 shares of the company’s stock, valued at $4,631,355. 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 90 days. Corporate insiders own 32.00% of the company’s stock.

Oracle stock opened at $53.05 on Friday. The stock has a market cap of $218.57 billion, a PE ratio of 18.81, a P/E/G 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 posted its earnings results on Thursday, March 14th. The enterprise software provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.03. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. Oracle had a return on equity of 29.93% and a net margin of 10.01%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. Equities analysts forecast that Oracle Co. will post 3.07 EPS for the current year.

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About Oracle

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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