Cullen Frost Bankers Inc. Purchases 3,849 Shares of Oracle Co. (NYSE:ORCL)

Cullen Frost Bankers Inc. boosted its position in Oracle Co. (NYSE:ORCL) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 212,809 shares of the enterprise software provider’s stock after acquiring an additional 3,849 shares during the period. Cullen Frost Bankers Inc.’s holdings in Oracle were worth $30,049,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Sivia Capital Partners LLC raised its holdings in Oracle by 19.9% in the second quarter. Sivia Capital Partners LLC now owns 3,284 shares of the enterprise software provider’s stock worth $464,000 after buying an additional 546 shares during the last quarter. Lake Street Advisors Group LLC grew its position in Oracle by 0.8% during the second quarter. Lake Street Advisors Group LLC now owns 29,788 shares of the enterprise software provider’s stock valued at $4,206,000 after buying an additional 251 shares during the period. Savant Capital LLC lifted its holdings in shares of Oracle by 0.5% in the second quarter. Savant Capital LLC now owns 63,031 shares of the enterprise software provider’s stock worth $8,900,000 after buying an additional 283 shares in the last quarter. Narwhal Capital Management lifted its holdings in shares of Oracle by 69.5% in the second quarter. Narwhal Capital Management now owns 4,040 shares of the enterprise software provider’s stock worth $570,000 after buying an additional 1,657 shares in the last quarter. Finally, Opes Wealth Management LLC lifted its holdings in shares of Oracle by 9.0% in the second quarter. Opes Wealth Management LLC now owns 2,034 shares of the enterprise software provider’s stock worth $287,000 after buying an additional 168 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL traded down $0.80 during midday trading on Friday, reaching $141.81. 11,154,796 shares of the stock were exchanged, compared to its average volume of 8,056,655. The firm has a market cap of $390.81 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The firm has a 50-day simple moving average of $138.72 and a two-hundred day simple moving average of $128.33. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the business earned $1.35 EPS. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts anticipate that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Oracle’s dividend payout ratio is presently 43.13%.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the sale, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,862,500 shares of company stock worth $266,776,624 in the last quarter. Company insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on ORCL. DA Davidson reissued a “neutral” rating and issued a $105.00 target price on shares of Oracle in a report on Wednesday, June 12th. Argus upped their price target on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Stifel Nicolaus increased their target price on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, June 12th. KeyCorp increased their target price on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Finally, BMO Capital Markets increased their target price on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.83.

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.