Godshalk Welsh Capital Management Inc. Has $4.66 Million Position in Oracle Co. (NYSE:ORCL)

Godshalk Welsh Capital Management Inc. trimmed its holdings in Oracle Co. (NYSE:ORCL) by 0.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,970 shares of the enterprise software provider’s stock after selling 265 shares during the quarter. Oracle comprises 3.1% of Godshalk Welsh Capital Management Inc.’s portfolio, making the stock its 5th biggest holding. Godshalk Welsh Capital Management Inc.’s holdings in Oracle were worth $4,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after buying an additional 7,699,141 shares during the period. Capital World Investors grew its position in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after buying an additional 3,323,334 shares during the period. PineStone Asset Management Inc. grew its position in shares of Oracle by 131.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after buying an additional 2,219,450 shares during the period. Parnassus Investments LLC grew its position in shares of Oracle by 17.7% during the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after buying an additional 2,191,342 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Oracle by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,242,647 shares of the enterprise software provider’s stock valued at $532,920,000 after purchasing an additional 2,093,893 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL stock opened at $167.56 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $173.99. The company has a market cap of $461.77 billion, a P/E ratio of 45.16, a P/E/G ratio of 2.95 and a beta of 1.01. The business has a fifty day simple moving average of $141.83 and a 200 day simple moving average of $131.44.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. On average, sell-side analysts forecast that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s payout ratio is 43.13%.

Insider Activity

In related news, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,610,402 shares of company stock valued at $230,556,257. Company insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

ORCL has been the topic of several research reports. UBS Group boosted their target price on Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Bank of America boosted their target price on Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. JMP Securities upgraded Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 target price on the stock in a research note on Tuesday, September 10th. BMO Capital Markets upped their price objective on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. Finally, Piper Sandler upped their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $163.88.

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.