5 Stocks Donald Yacktman is Selling in 2022

3. Oracle Corporation (NYSE:ORCL)

Value of Yacktman Asset Management‘s 13F Position: $118 million

Number of Hedge Fund Shareholders (as of March 31): 63

Donald Yacktman slashed his firm’s Oracle Corporation (NYSE:ORCL) position by 20% during the first quarter, reducing the number of shares it owns to 1.43 million. Hedge fund ownership of Oracle has been trending up ever so slightly over each of the past five quarters.

Oracle Corporation (NYSE:ORCL) had a surprisingly strong fiscal fourth quarter of 2022, growing revenue by 5% year-over-year and easily topping earnings estimates. The enterprise software giant hasn’t been able to grow its annual revenue by 5% for the last decade, so the quarterly results represented uncommonly solid growth.

Oracle Corporation (NYSE:ORCL)’s cloud license and on-premise license revenue was the star of the quarter, as it grew by 18% year-over-year and now accounts for 22% of the company’s sales. CEO Safra Catz believes the strong revenue growth shows that Oracle’s infrastructure business has entered a “hyper-growth phase”.