Perennial Investment Advisors LLC Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Perennial Investment Advisors LLC lifted its position in Oracle Co. (NYSE:ORCL) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,161 shares of the enterprise software provider’s stock after buying an additional 239 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Oracle were worth $1,027,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Second Line Capital LLC raised its stake in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares during the period. Requisite Capital Management LLC grew its holdings in Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after purchasing an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after buying an additional 60 shares during the period. McLean Asset Management Corp lifted its holdings in Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after buying an additional 61 shares in the last quarter. Finally, Warther Private Wealth LLC grew its stake in shares of Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $128.17 on Friday. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50-day simple moving average is $160.05 and its 200-day simple moving average is $169.34. The firm has a market cap of $358.48 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 earnings per share. As a group, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.56%. Oracle’s dividend payout ratio is presently 46.95%.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,448,328 shares of company stock valued at $453,791,001 in the last 90 days. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group cut their price target on Oracle from $220.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Stephens started coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target for the company. KeyCorp restated an “overweight” rating and issued a $200.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Citigroup reduced their price objective on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus cut their target price on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.65.

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.