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

Godsey & Gibb Inc. lessened its holdings in Oracle Co. (NYSE:ORCL) by 2.2% during the first quarter, HoldingsChannel reports. The firm owned 171,081 shares of the enterprise software provider’s stock after selling 3,909 shares during the quarter. Oracle accounts for 2.4% of Godsey & Gibb Inc.’s holdings, 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.

A number of other large investors have also recently modified their holdings of the business. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC bought a new position in shares of Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle in the 4th quarter valued at $34,000. TFC Financial Management Inc. lifted its stake in shares of Oracle by 129.0% in the 4th 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 last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 1.8%

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

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS 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 the consensus estimate of $14.40 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on ORCL. Jefferies Financial Group dropped their price target on Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Barclays lowered their target price on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. KeyCorp reaffirmed an “overweight” rating and set a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. cut their target price on Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.42.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the business’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 value of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 in the last three months. Corporate insiders own 42.20% of the company’s stock.

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.