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

Cullen Frost Bankers Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,552 shares of the enterprise software provider’s stock after acquiring an additional 34,475 shares during the period. Cullen Frost Bankers Inc.’s holdings in Oracle were worth $42,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC bought a new position in shares of Oracle in the 4th quarter valued at $34,000. TFC Financial Management Inc. increased its stake in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in Oracle during the 4th quarter worth $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

ORCL stock opened at $161.75 on Thursday. The firm has a market cap of $452.39 billion, a PE ratio of 39.55, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a 50 day moving average of $168.31 and a 200-day moving average of $169.10. Oracle Co. has a 12-month low of $110.67 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the company posted $1.34 earnings per share. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 42.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. BMO Capital Markets boosted their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Piper Sandler boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Guggenheim reiterated a “buy” rating and issued a $220.00 price target on shares of Oracle in a research report on Wednesday. Finally, Morgan Stanley upped their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.73.

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.