Cullen Frost Bankers Inc. Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Cullen Frost Bankers Inc. increased its stake in shares of Oracle Co. (NYSE:ORCL) by 4.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 208,068 shares of the enterprise software provider’s stock after acquiring an additional 9,738 shares during the period. Cullen Frost Bankers Inc.’s holdings in Oracle were worth $21,937,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Avidian Wealth Solutions LLC lifted its position in shares of Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after buying an additional 90 shares during the last quarter. Sovereign Financial Group Inc. lifted its position in shares of Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after buying an additional 90 shares during the last quarter. Bison Wealth LLC lifted its position in shares of Oracle by 0.8% in the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after buying an additional 91 shares during the last quarter. MONECO Advisors LLC lifted its position in shares of Oracle by 1.1% in the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after buying an additional 94 shares during the last quarter. Finally, Everhart Financial Group Inc. lifted its position in shares of Oracle by 1.4% in the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.4 %

Oracle stock traded down $0.45 during mid-day trading on Tuesday, hitting $117.89. The company’s stock had a trading volume of 6,434,951 shares, compared to its average volume of 8,246,625. Oracle Co. has a 52-week low of $96.10 and a 52-week high of $132.77. The company has a market cap of $324.02 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s 50 day moving average is $120.19 and its 200 day moving average is $113.57.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. On average, analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.36%. Oracle’s dividend payout ratio is presently 42.22%.

Insider Buying and Selling at Oracle

In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 835,000 shares of company stock worth $105,189,850. 42.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. HSBC increased their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. KeyCorp assumed coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. The Goldman Sachs Group increased their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

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.