Assetmark Inc. Has $31.63 Million Stock Holdings in Oracle Corporation $ORCL

Assetmark Inc. increased its position in shares of Oracle Corporation (NYSE:ORCL) by 167.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,651 shares of the enterprise software provider’s stock after purchasing an additional 90,484 shares during the quarter. Assetmark Inc.’s holdings in Oracle were worth $31,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC increased its holdings in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in Oracle in the second quarter worth $33,000. Legend Financial Advisors Inc. bought a new stake in shares of Oracle during the second quarter worth $34,000. HighMark Wealth Management LLC acquired a new stake in shares of Oracle in the second quarter valued at $38,000. Finally, Graybill Wealth Management LTD. bought a new position in shares of Oracle in the first quarter valued at about $39,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 6.8%

Oracle stock opened at $256.54 on Friday. The company’s 50 day simple moving average is $277.44 and its 200 day simple moving average is $224.85. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm has a market capitalization of $731.34 billion, a price-to-earnings ratio of 59.38, a PEG ratio of 2.96 and a beta of 1.53. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.93 billion during the quarter, compared to the consensus estimate of $15.04 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. Oracle has set its Q2 2026 guidance at 1.270-1.310 EPS. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is presently 46.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. DA Davidson increased their price objective on shares of Oracle from $220.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. raised their price target on shares of Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, September 8th. Sanford C. Bernstein increased their price objective on Oracle from $363.00 to $364.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. TD Cowen lifted their target price on Oracle from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Scotiabank upped their price target on Oracle from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.69.

Insider Activity

In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the transaction, the insider directly owned 132,656 shares of the company’s stock, valued at approximately $42,603,800.96. The trade was a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stuart Levey sold 19,758 shares of the stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $300.00, for a total value of $5,927,400.00. Following the completion of the sale, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. This trade represents a 51.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 220,134 shares of company stock valued at $64,268,949. Company insiders own 40.90% of the company’s stock.

Oracle Company 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.