Oracle Co. (ORCL) is Barrow Hanley Mewhinney & Strauss LLC’s 5th Largest Position

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Barrow Hanley Mewhinney & Strauss LLC cut its stake in Oracle Co. (NYSE:ORCL) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 28,179,566 shares of the enterprise software provider’s stock after selling 1,568,075 shares during the quarter. Oracle comprises 2.5% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 5th largest position. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Oracle were worth $1,272,308,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ORCL. Northern Trust Corp increased its position in shares of Oracle by 0.6% during the fourth quarter. Northern Trust Corp now owns 40,340,189 shares of the enterprise software provider’s stock valued at $1,821,360,000 after acquiring an additional 238,058 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Oracle by 5.1% during the third quarter. Clearbridge Investments LLC now owns 21,161,401 shares of the enterprise software provider’s stock valued at $1,091,082,000 after purchasing an additional 1,022,017 shares during the period. Morgan Stanley grew its holdings in Oracle by 20.1% during the third quarter. Morgan Stanley now owns 19,959,479 shares of the enterprise software provider’s stock valued at $1,029,110,000 after purchasing an additional 3,340,653 shares during the period. Fisher Asset Management LLC grew its holdings in Oracle by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 14,543,137 shares of the enterprise software provider’s stock valued at $656,623,000 after purchasing an additional 420,553 shares during the period. Finally, Yacktman Asset Management LP grew its holdings in Oracle by 3.2% during the fourth quarter. Yacktman Asset Management LP now owns 13,701,527 shares of the enterprise software provider’s stock valued at $618,624,000 after purchasing an additional 419,509 shares during the period. 47.39% of the stock is owned by hedge funds and other institutional investors.

Oracle stock opened at $54.52 on Friday. Oracle Co. has a one year low of $42.40 and a one year high of $54.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65. The firm has a market capitalization of $226.15 billion, a PE ratio of 19.33, a P/E/G ratio of 1.81 and a beta of 1.08.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.02. Oracle had a return on equity of 34.03% and a net margin of 27.14%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 3.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be issued a $0.24 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.19. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 34.04%.

In related news, EVP Dorian Daley sold 125,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $52.84, for a total value of $6,605,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $54.50, for a total value of $204,375.00. Following the completion of the sale, the director now owns 27,969 shares in the company, valued at approximately $1,524,310.50. The disclosure for this sale can be found here. Insiders sold 1,773,750 shares of company stock valued at $95,395,063 over the last ninety days. Corporate insiders own 32.00% of the company’s stock.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $53.00 price objective on shares of Oracle in a report on Wednesday, March 13th. Exane BNP Paribas assumed coverage on Oracle in a report on Friday, March 29th. They set a “neutral” rating and a $50.00 price objective for the company. Credit Suisse Group set a $60.00 price objective on Oracle and gave the company a “buy” rating in a report on Monday, March 11th. UBS Group increased their price objective on Oracle to $54.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Finally, Raymond James increased their price objective on Oracle from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $52.53.

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About Oracle

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

Further Reading: Coverage Ratio

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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