Cohen Capital Management Inc. Has $13.30 Million Position in Oracle Co. (NYSE:ORCL)

Cohen Capital Management Inc. cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,833 shares of the enterprise software provider’s stock after selling 250 shares during the quarter. Oracle comprises 2.2% of Cohen Capital Management Inc.’s portfolio, making the stock its 12th biggest holding. Cohen Capital Management Inc.’s holdings in Oracle were worth $13,303,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ORCL. Franklin Resources Inc. boosted its stake in Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp boosted its stake in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Jennison Associates LLC boosted its stake in Oracle by 279.7% in the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock valued at $201,759,000 after purchasing an additional 891,842 shares during the period. Geode Capital Management LLC boosted its stake in Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Oracle by 2,899.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 913,700 shares of the enterprise software provider’s stock valued at $155,694,000 after purchasing an additional 883,233 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. UBS Group upped their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Evercore ISI upped their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Piper Sandler upped their target price on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Price Performance

Shares of ORCL opened at $167.92 on Friday. Oracle Co. has a 12-month low of $109.66 and a 12-month high of $198.31. The business has a 50-day simple moving average of $168.99 and a two-hundred day simple moving average of $167.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $469.66 billion, a PE ratio of 41.06, a PEG ratio of 3.46 and a beta of 1.05.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the company earned $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s payout ratio is presently 39.12%.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 42.20% of the company’s stock.

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.