Assetmark Inc. Increases Stake in Oracle Co. (NYSE:ORCL)

Assetmark Inc. grew its position in Oracle Co. (NYSE:ORCLFree Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,663 shares of the enterprise software provider’s stock after acquiring an additional 317 shares during the period. Assetmark Inc.’s holdings in Oracle were worth $1,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in Oracle during the third quarter worth about $27,000. Nordwand Advisors LLC purchased a new position in Oracle in the fourth quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after acquiring an additional 317 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director George H. Conrades sold 20,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at $2,068,976. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 880,000 shares of company stock valued at $110,488,150. 42.80% of the stock is currently owned by corporate insiders.

Oracle Price Performance

ORCL opened at $122.91 on Tuesday. Oracle Co. has a 1 year low of $98.77 and a 1 year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50 day simple moving average is $121.22 and its 200 day simple moving average is $115.12. The stock has a market capitalization of $337.82 billion, a PE ratio of 32.43, a P/E/G ratio of 2.86 and a beta of 1.03.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. During the same period in the previous year, the company earned $0.96 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ORCL shares. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Oppenheimer initiated coverage on Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. The Goldman Sachs Group increased their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets lifted their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Finally, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $130.76.

View Our Latest Stock Analysis on ORCL

About Oracle

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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