Oracle Co. (NYSE:ORCL) Holdings Decreased by Godsey & Gibb Inc.

Godsey & Gibb Inc. cut its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,081 shares of the enterprise software provider's stock after selling 3,909 shares during the quarter. Oracle accounts for about 2.4% of Godsey & Gibb Inc.'s investment portfolio, making the stock its 16th largest holding. Godsey & Gibb Inc.'s holdings in Oracle were worth $23,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. raised its position in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. Warther Private Wealth LLC lifted its position in Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after buying an additional 63 shares during the last quarter. Howard Bailey Securities LLC raised its holdings in Oracle by 2.9% during the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock valued at $379,000 after buying an additional 64 shares during the last quarter. New England Capital Financial Advisors LLC raised its stake in Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock worth $177,000 after buying an additional 64 shares in the last quarter. Finally, Cape ANN Savings Bank increased its stake in shares of Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

ORCL traded up $3.08 on Friday, reaching $174.22. 6,828,176 shares of the stock were exchanged, compared to its average volume of 9,518,460. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $198.31. The firm has a market capitalization of $487.29 billion, a PE ratio of 42.60, a PEG ratio of 3.46 and a beta of 1.32. The company's 50-day moving average price is $147.20 and its 200 day moving average price is $160.67.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the previous year, the firm posted $1.41 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction 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 completion of the transaction, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 58,090 shares of the company's stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,366 shares of company stock worth $4,015,723. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ORCL. Bank of America cut their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Citigroup lowered their price objective on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Piper Sandler reiterated a "neutral" rating and set a $130.00 price objective (down previously from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Barclays lowered their price objective on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their price target on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $174.42.

Oracle 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.