Godsey & Gibb Inc. Trims Position in Oracle Co. (NYSE:ORCL)

Godsey & Gibb Inc. lowered its stake in Oracle Co. (NYSE:ORCL) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 174,990 shares of the enterprise software provider’s stock after selling 7,822 shares during the quarter. Oracle accounts for 2.9% of Godsey & Gibb Inc.’s portfolio, making the stock its 5th biggest position. Godsey & Gibb Inc.’s holdings in Oracle were worth $29,160,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in ORCL. Quest Partners LLC bought a new position in Oracle during the 2nd quarter valued at approximately $40,000. Reston Wealth Management LLC purchased a new position in shares of Oracle during the third quarter valued at approximately $44,000. Avondale Wealth Management bought a new position in shares of Oracle during the third quarter valued at approximately $51,000. Friedenthal Financial purchased a new stake in Oracle in the third quarter worth $51,000. Finally, Activest Wealth Management increased its position in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.3 %

Shares of NYSE:ORCL opened at $158.35 on Thursday. Oracle Co. has a 1 year low of $105.42 and a 1 year high of $198.31. The stock’s fifty day moving average price is $176.99 and its 200-day moving average price is $161.24. The company has a market cap of $442.90 billion, a P/E ratio of 38.72, a PEG ratio of 3.03 and a beta of 1.06. 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 (NYSE:ORCL) last announced its quarterly 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). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 EPS. Sell-side analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Oracle’s payout ratio is 39.12%.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler lifted their price objective on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, DA Davidson increased their price objective on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.48.

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.