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

Perpetual Ltd trimmed its position in Oracle Co. (NYSE:ORCL - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 approximately 1.7% of Perpetual Ltd's investment portfolio, making the stock its 15th largest holding. Perpetual Ltd's holdings in Oracle were worth $145,947,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after acquiring an additional 885,041 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Oracle by 1.8% in the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock valued at $3,049,824,000 after acquiring an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock valued at $2,489,345,000 after acquiring an additional 54,868 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ORCL. StockNews.com raised Oracle from a "hold" rating to a "buy" rating in a research report on Thursday, January 16th. Guggenheim boosted their price target on Oracle from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. BNP Paribas raised Oracle to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald began coverage on Oracle in a research report on Friday. They set an "overweight" rating and a $214.00 price target on the stock. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $182.73.

Oracle Price Performance

Shares of ORCL stock traded up $11.79 during trading on Tuesday, hitting $172.82. The company had a trading volume of 29,478,549 shares, compared to its average volume of 10,327,390. The stock's 50-day moving average price is $174.87 and its 200 day moving average price is $161.70. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The firm has a market capitalization of $483.37 billion, a P/E ratio of 42.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the company earned $1.34 earnings per share. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's payout ratio is presently 39.12%.

Oracle 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.