Assetmark Inc. Grows Position in Oracle Co. (NYSE:ORCL)

Assetmark Inc. lifted its position in Oracle Co. (NYSE:ORCL - Free Report) by 374.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,033 shares of the enterprise software provider's stock after buying an additional 40,266 shares during the quarter. Assetmark Inc.'s holdings in Oracle were worth $8,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Activest Wealth Management grew its holdings in shares of Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider's stock worth $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC grew its holdings in shares of Oracle by 1.5% during the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider's stock worth $650,000 after purchasing an additional 58 shares in the last quarter. Cadence Bank lifted its position in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider's stock worth $1,296,000 after buying an additional 59 shares during the last quarter. Requisite Capital Management LLC lifted its position in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock worth $373,000 after buying an additional 60 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its position in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after buying an additional 60 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

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Oracle Stock Up 3.3 %

ORCL stock traded up $4.95 during midday trading on Friday, hitting $155.89. The stock had a trading volume of 12,628,662 shares, compared to its average volume of 11,632,912. The firm has a market cap of $436.01 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The business has a 50-day moving average of $167.63 and a two-hundred day moving average of $169.30. Oracle Co. has a 52-week low of $111.18 and a 52-week high of $198.31. 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 - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. Oracle's dividend payout ratio is currently 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was 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. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Guggenheim restated a "buy" rating and issued a $220.00 target price on shares of Oracle in a research report on Wednesday. Piper Sandler boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. KeyCorp boosted their target price on Oracle from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, DA Davidson boosted their price objective on Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Twelve equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $182.73.

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.