Yacktman Asset Management LP Has $143.93 Million Position in Oracle Co. (NYSE:ORCL)

Yacktman Asset Management LP trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The firm 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.

Several other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in Oracle by 9,299.3% during the 3rd 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. boosted its holdings in shares of Oracle by 5.7% in 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 in the last quarter. DNB Asset Management AS grew its position in 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 worth $186,255,000 after acquiring an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC raised its position in Oracle by 26,602.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock valued at $132,794,000 after purchasing an additional 1,254,833 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Oracle by 35.2% in the third quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock worth $331,221,000 after purchasing an additional 825,030 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on ORCL shares. Piper Sandler reduced their price target on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. The Goldman Sachs Group upped their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Buying and Selling

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Up 2.4 %

Shares of ORCL traded up $2.78 during mid-day trading on Friday, hitting $117.67. 6,161,626 shares of the company’s stock were exchanged, compared to its average volume of 8,449,115. The company has a 50-day simple moving average of $119.30 and a 200 day simple moving average of $113.06. 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 company has a market cap of $323.42 billion, a PE ratio of 30.31, a P/E/G ratio of 2.31 and a beta of 1.01. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77.

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

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is presently 42.22%.

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.