Cullen Frost Bankers Inc. Buys 70,352 Shares of Oracle Corporation (NYSE:ORCL)

Cullen Frost Bankers Inc. increased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 27.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 322,904 shares of the enterprise software provider's stock after purchasing an additional 70,352 shares during the period. Cullen Frost Bankers Inc.'s holdings in Oracle were worth $45,145,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Parcion Private Wealth LLC grew its stake in Oracle by 3.1% during the first quarter. Parcion Private Wealth LLC now owns 64,555 shares of the enterprise software provider's stock worth $9,025,000 after buying an additional 1,915 shares during the last quarter. Private Wealth Management Group LLC lifted its holdings in Oracle by 14.9% in the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock valued at $78,000 after buying an additional 72 shares during the period. Victory Capital Management Inc. lifted its holdings in Oracle by 3.1% in the first quarter. Victory Capital Management Inc. now owns 866,946 shares of the enterprise software provider's stock valued at $121,208,000 after buying an additional 26,054 shares during the period. Bridgewater Advisors Inc. acquired a new stake in Oracle in the first quarter worth $967,000. Finally, Midwest Professional Planners LTD. raised its holdings in Oracle by 0.8% in the first quarter. Midwest Professional Planners LTD. now owns 22,535 shares of the enterprise software provider's stock worth $3,151,000 after purchasing an additional 184 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL traded down $3.45 during midday trading on Friday, hitting $245.30. The stock had a trading volume of 9,671,806 shares, compared to its average volume of 10,353,398. The company's 50-day moving average price is $196.21 and its 200-day moving average price is $168.94. The company has a market capitalization of $689.01 billion, a P/E ratio of 56.52, a price-to-earnings-growth ratio of 3.72 and a beta of 1.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 EPS. As a group, equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Activity

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 448,669 shares of company stock worth $85,555,309. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ORCL shares. Westpark Capital raised their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and raised their target price for the company from $180.00 to $250.00 in a research report on Monday, June 30th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. TD Cowen lifted their price objective on shares of Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, Bank of America lifted their target price on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average target price of $218.29.

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.