Godsey & Gibb Inc. increased its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 4.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 142,246 shares of the enterprise software provider’s stock after purchasing an additional 6,284 shares during the quarter. Godsey & Gibb Inc.’s holdings in Oracle were worth $20,926,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Brandywine Oak Private Wealth LLC lifted its holdings in shares of Oracle by 4.9% during the first quarter. Brandywine Oak Private Wealth LLC now owns 1,789 shares of the enterprise software provider’s stock worth $263,000 after buying an additional 84 shares in the last quarter. Focused Wealth Management Inc grew its stake in shares of Oracle by 1.9% in the first quarter. Focused Wealth Management Inc now owns 4,224 shares of the enterprise software provider’s stock valued at $621,000 after acquiring an additional 80 shares in the last quarter. Centennial Wealth Advisory LLC bought a new position in Oracle during the first quarter worth about $336,000. Brave Asset Management Inc. increased its position in Oracle by 8.6% during the first quarter. Brave Asset Management Inc. now owns 4,542 shares of the enterprise software provider’s stock worth $668,000 after acquiring an additional 359 shares during the period. Finally, Hamilton Capital Partners LLC raised its stake in Oracle by 27.5% in the 1st quarter. Hamilton Capital Partners LLC now owns 97,408 shares of the enterprise software provider’s stock worth $14,330,000 after purchasing an additional 21,025 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.
Oracle Price Performance
ORCL stock opened at $165.00 on Wednesday. The company’s 50-day moving average price is $190.13 and its two-hundred day moving average price is $176.74. The firm has a market cap of $474.55 billion, a P/E ratio of 28.30, a P/E/G ratio of 1.10 and a beta of 1.65. The company has a quick ratio of 1.35, a current ratio of 1.12 and a debt-to-equity ratio of 2.84. Oracle Corporation has a 12 month low of $134.57 and a 12 month high of $345.72.
Oracle Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, July 10th. This represents a $2.00 annualized dividend and a yield of 1.2%. Oracle’s dividend payout ratio is presently 34.31%.
Insider Buying and Selling at Oracle
In other Oracle news, EVP Stuart Levey sold 15,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $176.19, for a total value of $2,642,850.00. Following the sale, the executive vice president owned 3,429 shares of the company’s stock, valued at approximately $604,155.51. This trade represents a 81.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.90% of the company’s stock.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of Oracle from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Sanford C. Bernstein lifted their price target on shares of Oracle from $319.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Jefferies Financial Group cut their price target on Oracle from $400.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Mizuho set a $320.00 price target on Oracle in a research report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded Oracle from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $268.27.
Check Out Our Latest Stock Analysis on Oracle
Oracle News Summary
Here are the key news stories impacting Oracle this week:
- Positive Sentiment: Several recent articles argue the sell-off may be overdone, pointing to Oracle’s massive AI backlog, strong cloud demand, and the potential for backlog conversion to drive revenue and earnings over the next several years. Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Positive Sentiment: Oracle’s healthcare AI expansion and Baystate Health partnership suggest continued adoption of Oracle Health products, which could support future cloud and software growth. Baystate Health and Oracle Health Expand Strategic Collaboration to Create a Connected and Patient-Centered Care Experience
- Neutral Sentiment: Analysts and commentators remain divided, with some calling Oracle a buying opportunity while others say the stock is still digesting heavy AI spending, debt, and restructuring costs. Oracle workforce shrinks by about 13%
- Negative Sentiment: The job cuts and related $1.84 billion restructuring charge reinforce concerns that Oracle’s AI push is pressuring near-term profitability and cash flow, even as long-term growth hopes remain intact. Oracle shed 21,000 roles over the past year amid wave of AI layoffs from tech giants
Oracle Company Profile
Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.
Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.
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