Cohen Capital Management Lowers stake in Oracle Corporation (ORCL)

Oracle Corporation (ORCL) : Cohen Capital Management reduced its stake in Oracle Corporation by 4.11% during the most recent quarter end. The investment management company now holds a total of 125,627 shares of Oracle Corporation which is valued at $4,777,595 after selling 5,383 shares in Oracle Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Oracle Corporation makes up approximately 1.43% of Cohen Capital Management’s portfolio.

Other Hedge Funds, Including , Community Bank N.a. reduced its stake in ORCL by selling 306 shares or 3.05% in the most recent quarter. The Hedge Fund company now holds 9,736 shares of ORCL which is valued at $370,260. Oracle Corporation makes up approx 0.09% of Community Bank N.a.’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in ORCL by selling 4,985 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 129,953 shares of ORCL which is valued at $4,939,514. Oracle Corporation makes up approx 0.96% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Nisa Investment Advisors reduced its stake in ORCL by selling 1,503 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 1,096,533 shares of ORCL which is valued at $41,679,219. Oracle Corporation makes up approx 0.55% of Nisa Investment Advisors’s portfolio.Legal General Group Plc boosted its stake in ORCL in the latest quarter, The investment management firm added 359,993 additional shares and now holds a total of 14,735,369 shares of Oracle Corporation which is valued at $560,091,376. Oracle Corporation makes up approx 0.58% of Legal General Group Plc’s portfolio.Perkins Coie Trust Co boosted its stake in ORCL in the latest quarter, The investment management firm added 904 additional shares and now holds a total of 57,829 shares of Oracle Corporation which is valued at $2,233,356. Oracle Corporation makes up approx 1.42% of Perkins Coie Trust Co’s portfolio.

Oracle Corporation closed down -0.61 points or -1.58% at $38.01 with 1,49,64,003 shares getting traded on Tuesday. Post opening the session at $38.56, the shares hit an intraday low of $37.81 and an intraday high of $38.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Oracle Corporation reported $0.81 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 16, 2016. Analyst had a consensus of $0.82. The company had revenue of $10596.00 million for the quarter, compared to analysts expectations of $10458.54 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Oracle Corporation. Company shares were Reiterated by RBC Capital Mkts on Sep 30, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .Shares were Reiterated by Stifel on Sep 23, 2016 to “Buy” and Lowered the Price Target to $ 45 from a previous price target of $48 .Shares were Reiterated by RBC Capital Mkts on Sep 16, 2016 to “Outperform” and Lowered the Price Target to $ 42 from a previous price target of $43 .

Oracle Corporation (Oracle) is a provider of enterprise software and computer hardware products and services. The Company’s offerings include Oracle database and middleware software application software cloud infrastructure hardware systems including computer server storage and networking products and related services. It operates through various segments including new software licenses and cloud software subscriptions which include software licenses and Oracle Cloud offerings; cloud infrastructure-as-a-service which provides deployment and management offerings; software license updates and product support which includes support enhancements and upgrades for Oracle software products; hardware systems products which includes servers storage networking virtualization software operating systems and management software; hardware systems support which provides software updates for software components and services business which offers consulting services

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