Cohen Capital Management Inc. Has $10.70 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Cohen Capital Management Inc. lowered its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,533 shares of the enterprise software provider's stock after selling 3,300 shares during the quarter. Oracle makes up approximately 1.8% of Cohen Capital Management Inc.'s investment portfolio, making the stock its 17th largest position. Cohen Capital Management Inc.'s holdings in Oracle were worth $10,700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after buying an additional 2,296,069 shares during the last quarter. FMR LLC increased its position in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after buying an additional 156,269 shares during the last quarter. Geode Capital Management LLC increased its position in Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after buying an additional 619,619 shares during the last quarter. Franklin Resources Inc. increased its position in Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after buying an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp increased its position in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after buying an additional 2,176,892 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

NYSE ORCL traded up $3.36 on Tuesday, hitting $232.64. 2,982,819 shares of the company's stock were exchanged, compared to its average volume of 10,249,033. The stock has a 50-day moving average of $188.76 and a 200-day moving average of $166.84. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $241.44. The stock has a market cap of $653.45 billion, a price-to-earnings ratio of 53.58, a P/E/G ratio of 3.45 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the prior year, the company earned $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. Analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director directly owned 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 445,366 shares of company stock worth $84,784,653 in the last ninety days. Insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of recent analyst reports. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Barclays reissued an "overweight" rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. CIBC restated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Bank of America boosted their price objective on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Finally, Stephens started coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective for the company. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $211.37.

Oracle Company 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.