Yacktman Asset Management LP Has $689.62 Million Holdings in Oracle Co. (ORCL)

Yacktman Asset Management LP trimmed its stake in Oracle Co. (NYSE:ORCL) by 1.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,585,833 shares of the enterprise software provider’s stock after selling 256,319 shares during the quarter. Oracle makes up about 6.6% of Yacktman Asset Management LP’s investment portfolio, making the stock its 8th largest holding. Yacktman Asset Management LP owned about 0.35% of Oracle worth $689,618,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ORCL. Strategy Asset Managers LLC increased its holdings in shares of Oracle by 22.3% during the third quarter. Strategy Asset Managers LLC now owns 257,359 shares of the enterprise software provider’s stock valued at $12,443,000 after purchasing an additional 46,866 shares during the period. BT Investment Management Ltd acquired a new position in shares of Oracle during the second quarter valued at $459,738,000. CIBC World Markets Inc. increased its holdings in shares of Oracle by 51.3% during the second quarter. CIBC World Markets Inc. now owns 231,515 shares of the enterprise software provider’s stock valued at $11,608,000 after purchasing an additional 78,482 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Oracle by 7.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 170,840 shares of the enterprise software provider’s stock valued at $8,566,000 after purchasing an additional 11,244 shares during the period. Finally, Polen Capital Management LLC increased its holdings in shares of Oracle by 7.3% during the second quarter. Polen Capital Management LLC now owns 12,620,261 shares of the enterprise software provider’s stock valued at $632,780,000 after purchasing an additional 854,240 shares during the period. Institutional investors own 57.94% of the company’s stock.

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A number of research analysts recently issued reports on the company. Barclays lifted their target price on Oracle from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, March 12th. They noted that the move was a valuation call. OTR Global lowered Oracle to a “positive” rating in a report on Friday, March 9th. Cleveland Research reaffirmed a “hold” rating on shares of Oracle in a report on Saturday, March 17th. Morgan Stanley reaffirmed a “buy” rating on shares of Oracle in a report on Sunday, March 18th. Finally, Instinet assumed coverage on Oracle in a report on Wednesday, January 24th. They set a “buy” rating and a $51.12 target price on the stock. Sixteen analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Oracle presently has a consensus rating of “Buy” and a consensus price target of $56.11.

NYSE ORCL traded down $1.13 during trading on Friday, reaching $44.83. 13,893,643 shares of the company’s stock were exchanged, compared to its average volume of 20,160,868. Oracle Co. has a fifty-two week low of $43.60 and a fifty-two week high of $53.48. The firm has a market capitalization of $190,256.11, a PE ratio of 18.00, a PEG ratio of 1.70 and a beta of 1.15. The company has a current ratio of 4.33, a quick ratio of 4.30 and a debt-to-equity ratio of 1.16.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 19th. The enterprise software provider reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.11. The firm had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.77 billion. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.69 EPS. research analysts anticipate that Oracle Co. will post 2.76 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, April 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. Oracle’s dividend payout ratio is 30.52%.

Oracle announced that its Board of Directors has initiated a stock buyback plan on Thursday, December 14th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the enterprise software provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

In other news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $49.72, for a total transaction of $186,450.00. Following the completion of the sale, the director now directly owns 18,125 shares in the company, valued at approximately $901,175. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $52.00, for a total value of $5,200,000.00. Following the sale, the executive vice president now owns 37,576 shares of the company’s stock, valued at $1,953,952. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,981,250 shares of company stock valued at $99,315,438. 29.00% of the stock is owned by corporate insiders.

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Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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