Causeway Capital Management LLC Has $48.43 Million Holdings in Oracle Co. (NYSE:ORCL)

Causeway Capital Management LLC lowered its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,613 shares of the enterprise software provider's stock after selling 106,743 shares during the period. Oracle comprises about 1.1% of Causeway Capital Management LLC's portfolio, making the stock its 27th largest holding. Causeway Capital Management LLC's holdings in Oracle were worth $48,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. R Squared Ltd bought a new position in shares of Oracle in the fourth quarter valued at about $25,000. Winch Advisory Services LLC grew its holdings in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Oracle in the fourth quarter worth $33,000. Synergy Investment Management LLC acquired a new stake in Oracle during the fourth quarter worth about $34,000. Finally, TFC Financial Management Inc. raised its position in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,448,328 shares of company stock worth $453,791,001. Company insiders own 42.20% of the company's stock.

Oracle Price Performance

Shares of ORCL stock opened at $132.27 on Monday. The business's 50 day moving average price is $155.25 and its 200-day moving average price is $167.63. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The firm has a market cap of $369.94 billion, a P/E ratio of 32.34, a P/E/G ratio of 3.46 and a beta of 1.22. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Remove Ads

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter last year, the business earned $1.41 earnings per share. The business's quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.51%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is presently 46.95%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ORCL shares. Barclays dropped their price objective on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. UBS Group restated a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Stifel Nicolaus cut their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Piper Sandler decreased their price target on shares of Oracle from $210.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.