Perpetual Ltd reduced its holdings in Oracle Co. by 40.5% in the first quarter, selling 68,440 shares. The institutional investor owned 100,698 shares valued at $12,649,000. Other institutional investors also adjusted their positions in the company. Insiders have been selling shares, with Director Michael J. Boskin selling 45,000 shares and Director George H. Conrades selling 25,000 shares. Analysts have varied opinions on Oracle, with ratings ranging from neutral to buy. The stock fell on Friday to $141.68 and has a market capitalization of $389.41 billion. Oracle recently reported quarterly earnings that fell slightly below expectations. The company will pay a quarterly dividend of $0.40 on July 25, with a dividend yield of 1.13%. Oracle offers various cloud software applications as part of its Oracle Cloud Software-as-a-Service offering. While analysts have a moderate buy rating on Oracle, some top-rated analysts recommend other stocks for better investment opportunities. MarketBeat provides insights into top analyst recommendations and stock picks for 2024.
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