Hotchkis & Wiley Capital Management LLC Holds Stake in Oracle Corp (ORCL)

September 17, 2017 - By Clifton Ray

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.16, from 0.95 in 2016Q3. It turned negative, as 67 investors sold ORCL shares while 585 reduced holdings. 87 funds opened positions while 431 raised stakes. 2.32 billion shares or 0.62% more from 2.30 billion shares in 2016Q3 were reported. Massachusetts-based Nichols Pratt Advisers Llp Ma has invested 0.06% in Oracle Corporation (NYSE:ORCL). Retirement Systems Of Alabama invested in 0.71% or 3.18 million shares. Buckingham Capital Inc holds 0.09% or 9,040 shares. Markel has invested 0.59% of its portfolio in Oracle Corporation (NYSE:ORCL). 10,237 were accumulated by Schnieders Mngmt Limited Co. Endurance Wealth Mgmt holds 185,360 shares. Reilly Advsr Ltd Liability Com holds 0.02% or 2,303 shares. Teacher Retirement Sys Of Texas holds 0.86% or 3.10M shares. Winslow Evans & Crocker Inc, a Massachusetts-based fund reported 98,982 shares. Cornerstone holds 87,972 shares or 0.62% of its portfolio. Fil Ltd invested 1.91% of its portfolio in Oracle Corporation (NYSE:ORCL). Moors & Cabot holds 0.1% or 15,939 shares in its portfolio. Argent Tru Communication holds 0.64% of its portfolio in Oracle Corporation (NYSE:ORCL) for 37,551 shares. The Massachusetts-based Moreno Evelyn V has invested 1.38% in Oracle Corporation (NYSE:ORCL). Columbia Asset holds 0.41% or 31,374 shares.

Hotchkis & Wiley Capital Management Llc increased its stake in Oracle Corp (ORCL) by 18.7% based on its latest 2016Q4 regulatory filing with the SEC. Hotchkis & Wiley Capital Management Llc bought 2.81M shares as the company’s stock rose 5.35% with the market. The institutional investor held 17.86 million shares of the prepackaged software company at the end of 2016Q4, valued at $686.69M, up from 15.05 million at the end of the previous reported quarter. Hotchkis & Wiley Capital Management Llc who had been investing in Oracle Corp for a number of months, seems to be bullish on the $201.62 billion market cap company. The stock decreased 7.79% or $4.12 on September 15, reaching $48.74. About 66.37 million shares traded or 414.50% up from the average. Oracle Corporation (NYSE:ORCL) has risen 14.08% since September 17, 2016 and is uptrending. It has underperformed by 2.62% the S&P500.

Hotchkis & Wiley Capital Management Llc, which manages about $25.96 billion and $24.82B US Long portfolio, decreased its stake in Johnson Ctls Intl Plc by 417,199 shares to 8.52 million shares, valued at $350.95M in 2016Q4, according to the filing. It also reduced its holding in Wal (NYSE:WMT) by 94,700 shares in the quarter, leaving it with 2.74 million shares, and cut its stake in Paccar Inc (NASDAQ:PCAR).

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle up after Q1 beats” on September 14, 2017, also Seekingalpha.com with their article: “Oracle Pullback A Buying Opportunity” published on September 15, 2017, Bizjournals.com published: “Oracle cuts hundreds of hardware jobs in Silicon Valley amid cloud push” on September 06, 2017. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “Earnings Preview: Oracle Reports Fiscal First Quarter Results On Thursday” published on September 13, 2017 as well as Seekingalpha.com‘s news article titled: “Oracle Momentum Accelerating – Buy Before The September 14th Earnings Report” with publication date: September 11, 2017.

Oracle Corporation (NYSE:ORCL) Ratings Coverage

Among 33 analysts covering Oracle (NYSE:ORCL), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Oracle has $65 highest and $37 lowest target. $52.50’s average target is 7.71% above currents $48.74 stock price. Oracle had 83 analyst reports since July 30, 2015 according to SRatingsIntel. Wells Fargo initiated the shares of ORCL in report on Wednesday, January 11 with “Outperform” rating. Stifel Nicolaus maintained the shares of ORCL in report on Thursday, June 22 with “Buy” rating. UBS maintained Oracle Corporation (NYSE:ORCL) on Wednesday, March 16 with “Buy” rating. UBS maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, June 22. UBS has “Buy” rating and $5200 target. The company was maintained on Monday, July 24 by Jefferies. The stock has “Neutral” rating by Wedbush on Thursday, March 16. The stock of Oracle Corporation (NYSE:ORCL) has “Outperform” rating given on Friday, September 16 by RBC Capital Markets. On Friday, June 23 the stock rating was upgraded by Argus Research to “Buy”. Drexel Hamilton initiated Oracle Corporation (NYSE:ORCL) on Saturday, October 10 with “Buy” rating. The firm has “Neutral” rating given on Friday, June 17 by Citigroup.

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