Godsey & Gibb Inc. Has $23.92 Million Stake in Oracle Co. (NYSE:ORCL)

Godsey & Gibb Inc. decreased its holdings in Oracle Co. (NYSE:ORCL) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,081 shares of the enterprise software provider’s stock after selling 3,909 shares during the quarter. Oracle makes up about 2.4% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 16th largest position. Godsey & Gibb Inc.’s holdings in Oracle were worth $23,919,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ORCL. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth $30,000. Hurley Capital LLC acquired a new position in Oracle in the fourth quarter valued at about $33,000. Synergy Investment Management LLC acquired a new position in Oracle in the fourth quarter valued at about $34,000. TFC Financial Management Inc. grew its stake in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle in the fourth quarter valued at about $36,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Westpark Capital assumed coverage on Oracle in a research note on Tuesday, April 1st. They issued a “buy” rating and a $195.00 target price for the company. Piper Sandler reaffirmed a “neutral” rating and set a $130.00 price objective (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Evercore ISI reduced their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Mizuho reduced their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $174.42.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now directly owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock valued at $4,015,723 over the last 90 days. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $174.22 on Friday. The firm has a market cap of $487.29 billion, a P/E ratio of 42.60, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $198.31. The business’s 50 day moving average is $147.20 and its 200-day moving average is $160.67.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.15%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is currently 46.95%.

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.