Cohen Capital Management Inc. Sells 200 Shares of Oracle Co. (NYSE:ORCL)

Cohen Capital Management Inc. decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.2% in the third quarter, Holdings Channel.com reports. The firm owned 80,083 shares of the enterprise software provider’s stock after selling 200 shares during the period. Oracle comprises 2.2% of Cohen Capital Management Inc.’s portfolio, making the stock its 11th largest holding. Cohen Capital Management Inc.’s holdings in Oracle were worth $13,646,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Itau Unibanco Holding S.A. grew its position in Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock valued at $3,502,000 after purchasing an additional 3,300 shares during the last quarter. Buckley Wealth Management LLC raised its holdings in Oracle by 63.8% in the third quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock worth $1,256,000 after buying an additional 2,870 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Oracle by 55.7% in the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock worth $3,151,000 after buying an additional 7,982 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Oracle by 7.5% during the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after acquiring an additional 8,790 shares in the last quarter. Finally, United Asset Strategies Inc. raised its holdings in Oracle by 41.7% in the 3rd quarter. United Asset Strategies Inc. now owns 19,501 shares of the enterprise software provider’s stock worth $3,323,000 after acquiring an additional 5,737 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on ORCL shares. DA Davidson lifted their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. KeyCorp raised their price target on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. BMO Capital Markets boosted their price objective on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Finally, Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Oracle Price Performance

NYSE:ORCL opened at $170.50 on Monday. The stock has a market cap of $472.47 billion, a PE ratio of 43.82, a P/E/G ratio of 3.09 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business’s 50-day simple moving average is $163.43 and its two-hundred day simple moving average is $142.24. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same period last year, the company posted $0.95 earnings per share. Oracle’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Oracle’s dividend payout ratio is currently 41.24%.

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.