Yacktman Asset Management LP Has $15.54 Million Stake in Oracle Corporation (NYSE:ORCL)

Yacktman Asset Management LP lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 35.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 111,166 shares of the enterprise software provider's stock after selling 61,486 shares during the quarter. Yacktman Asset Management LP's holdings in Oracle were worth $15,542,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new position in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle in the 1st quarter valued at approximately $28,000. Sunbeam Capital Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at approximately $30,000. Hurley Capital LLC bought a new position in Oracle during the fourth quarter worth $33,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Oracle stock traded up $0.71 during midday trading on Thursday, hitting $236.02. The company's stock had a trading volume of 6,420,322 shares, compared to its average volume of 10,204,308. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock's 50-day moving average price is $183.77 and its 200-day moving average price is $165.63. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $241.44. The company has a market capitalization of $662.94 billion, a PE ratio of 54.32, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. Analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.85%. Oracle's payout ratio is presently 46.08%.

Insider Activity

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director owned 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 450,366 shares of company stock worth $85,433,503. 42.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho reduced their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Cowen restated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Guggenheim raised their price objective on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $190.00 to $270.00 in a research report on Thursday. Finally, Citigroup reiterated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $209.33.

Oracle Profile

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.