Perpetual Ltd Has $145.95 Million Position in Oracle Co. (NYSE:ORCL)

by · The Cerbat Gem

Perpetual Ltd lessened its position in Oracle Co. (NYSE:ORCL – Free Report) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 875,825 shares of the enterprise software provider’s stock after selling 182,776 shares during the period. Oracle makes up about 1.7% of Perpetual Ltd’s investment portfolio, making the stock its 15th biggest holding. Perpetual Ltd’s holdings in Oracle were worth $145,947,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Winch Advisory Services LLC grew its position in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Oracle in the third quarter valued at approximately $44,000. Avondale Wealth Management bought a new stake in shares of Oracle during the third quarter worth $51,000. Friedenthal Financial acquired a new stake in shares of Oracle during the third quarter worth $51,000. Finally, Activest Wealth Management lifted its position in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group increased their target price on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Piper Sandler increased their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Guggenheim boosted their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Finally, Mizuho boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

View Our Latest Stock Report on ORCL

Oracle Trading Up 0.9 %

Shares of NYSE:ORCL opened at $161.05 on Tuesday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The business has a 50 day moving average of $175.44 and a 200-day moving average of $161.58. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $450.44 billion, a PE ratio of 39.38, a P/E/G ratio of 3.16 and a beta of 1.06.

Oracle (NYSE:ORCL – Get Free Report) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. Oracle’s payout ratio is presently 39.12%.

About Oracle

(Free Report)

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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