Oracle Co. (NYSE:ORCL) Holdings Reduced by Godshalk Welsh Capital Management Inc.

Godshalk Welsh Capital Management Inc. reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 2.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,695 shares of the enterprise software provider’s stock after selling 875 shares during the period. Oracle makes up approximately 3.3% of Godshalk Welsh Capital Management Inc.’s portfolio, making the stock its 4th biggest holding. Godshalk Welsh Capital Management Inc.’s holdings in Oracle were worth $5,115,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC increased its holdings in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new position in shares of Oracle in the fourth quarter worth about $34,000. TFC Financial Management Inc. boosted its stake in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in shares of Oracle during the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 4.0 %

Shares of ORCL opened at $147.71 on Thursday. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The firm has a market capitalization of $413.15 billion, a P/E ratio of 36.12, a P/E/G ratio of 3.46 and a beta of 1.07. The firm has a 50-day moving average price of $164.62 and a 200 day moving average price of $170.28. 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 (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $1.41 EPS. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.35%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of analyst reports. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their target price on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Piper Sandler dropped their price target on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Morgan Stanley cut their price target on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Thirteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.20.

About Oracle

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.