Hotchkis & Wiley Capital Management LLC Sells 1,042,073 Shares of Oracle Co. (NYSE:ORCL)

Hotchkis & Wiley Capital Management LLC cut its position in Oracle Co. (NYSE:ORCL) by 98.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,500 shares of the enterprise software provider’s stock after selling 1,042,073 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Oracle were worth $2,982,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its stake in shares of Oracle by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after purchasing an additional 310,709 shares during the period. Legal & General Group Plc increased its position in shares of Oracle by 2.3% during the second quarter. Legal & General Group Plc now owns 13,242,340 shares of the enterprise software provider’s stock valued at $1,869,816,000 after buying an additional 296,866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Oracle by 6.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,474,912 shares of the enterprise software provider’s stock worth $1,955,325,000 after buying an additional 691,193 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Oracle by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 7,318,962 shares of the enterprise software provider’s stock valued at $1,033,430,000 after acquiring an additional 424,500 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Oracle by 0.9% during the second quarter. Ameriprise Financial Inc. now owns 7,182,917 shares of the enterprise software provider’s stock valued at $1,015,862,000 after acquiring an additional 66,444 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The trade was a 12.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $191.68 on Friday. The firm’s 50-day simple moving average is $178.90 and its two-hundred day simple moving average is $153.32. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $196.04. The stock has a market cap of $531.16 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 3.37 and a beta of 1.03. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.83%. Oracle’s dividend payout ratio is currently 41.24%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Monday, September 16th. Citigroup lifted their price objective on Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Evercore ISI upped their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Mizuho lifted their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $171.52.

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.