Cullen Frost Bankers Inc. Has $42.09 Million Holdings in Oracle Co. (NYSE:ORCL)

Cullen Frost Bankers Inc. raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,552 shares of the enterprise software provider’s stock after buying an additional 34,475 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Oracle were worth $42,085,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. raised its stake in shares of Oracle by 201.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after purchasing an additional 1,069 shares in the last quarter. RMR Wealth Builders raised its stake in shares of Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after purchasing an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC grew its position in Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after acquiring an additional 32,718 shares during the period. Finally, Crews Bank & Trust bought a new stake in Oracle in the fourth quarter valued at $1,800,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a research report on Monday. Piper Sandler upped their price target on Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald cut Oracle to an “overweight” rating in a research report on Monday, February 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 2.7 %

NYSE:ORCL opened at $161.75 on Thursday. Oracle Co. has a 1-year low of $110.67 and a 1-year high of $198.31. The business’s 50-day moving average price is $168.31 and its two-hundred day moving average price is $169.10. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $452.39 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 EPS. On average, equities analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 yield of 0.99%. Oracle’s dividend payout ratio is 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 42.20% of the company’s stock.

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.