Yacktman Asset Management LP Sells 11,501 Shares of Oracle Co. (NYSE:ORCL)

Yacktman Asset Management LP decreased its stake in Oracle Co. (NYSE:ORCL) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,365,198 shares of the enterprise software provider’s stock after selling 11,501 shares during the period. Yacktman Asset Management LP’s holdings in Oracle were worth $143,933,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Oracle by 9,299.3% in the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after purchasing an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the period. DNB Asset Management AS lifted its position in shares of Oracle by 313.4% during the 4th quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after buying an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Oracle by 26,602.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock worth $132,794,000 after acquiring an additional 1,254,833 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Oracle by 35.2% in the 3rd quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock worth $331,221,000 after acquiring an additional 825,030 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was 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 $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 42.80% of the stock is currently owned by insiders.

Oracle Price Performance

ORCL stock traded up $2.78 during mid-day trading on Friday, hitting $117.67. 6,161,626 shares of the stock were exchanged, compared to its average volume of 8,449,115. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $323.42 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.31 and a beta of 1.01. The business has a fifty day moving average price of $119.30 and a 200 day moving average price of $113.06. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, sell-side analysts anticipate that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is presently 42.22%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research reports. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Piper Sandler cut their price objective on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, January 2nd. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group lifted their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, Oppenheimer began coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.76.

About Oracle

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.