Perkins Coie Trust Co Has $5.31 Million Stake in Oracle Co. (NYSE:ORCL)

Perkins Coie Trust Co trimmed its holdings in Oracle Co. (NYSE:ORCLFree Report) by 29.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 42,241 shares of the enterprise software provider’s stock after selling 17,762 shares during the period. Oracle comprises 1.2% of Perkins Coie Trust Co’s holdings, making the stock its 23rd biggest position. Perkins Coie Trust Co’s holdings in Oracle were worth $5,306,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ORCL. Vanguard Group Inc. increased its stake in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the period. Capital World Investors lifted its stake in shares of Oracle by 22.1% in the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares during the period. Parnassus Investments LLC lifted its stake in shares of Oracle by 17.7% in the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after purchasing an additional 2,191,342 shares during the period. Putnam Investments LLC increased its position in Oracle by 6.0% in the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after buying an additional 697,961 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Oracle by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock valued at $1,223,775,000 after buying an additional 204,546 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 902,500 shares of company stock worth $113,708,350. Company insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price target on shares of Oracle in a research report on Wednesday, June 12th. Evercore ISI increased their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Sanford C. Bernstein increased their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, Argus increased their price objective on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $144.79.

View Our Latest Analysis on Oracle

Oracle Price Performance

NYSE:ORCL traded down $1.65 during trading hours on Monday, hitting $139.85. 7,788,060 shares of the company’s stock traded hands, compared to its average volume of 8,599,024. The business’s fifty day simple moving average is $123.47 and its two-hundred day simple moving average is $117.30. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.32. The company has a quick ratio of 0.85, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The firm has a market cap of $384.38 billion, a P/E ratio of 37.70, a P/E/G ratio of 2.59 and a beta of 1.01.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the business earned $1.35 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. Oracle’s payout ratio is 43.13%.

Oracle Profile

(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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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