Oracle Corporation (ORCL) Stake Cut by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lowered its stake in Oracle Corporation (NYSE:ORCL) by 23.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,205 shares of the enterprise software provider’s stock after selling 11,912 shares during the period. Cullen Frost Bankers Inc.’s holdings in Oracle Corporation were worth $1,749,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Oracle Corporation during the fourth quarter worth about $1,090,559,000. Fiduciary Management Inc. WI purchased a new position in shares of Oracle Corporation during the fourth quarter worth about $263,566,000. Asset Management One Co. Ltd. increased its position in shares of Oracle Corporation by 1,534.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 5,640,219 shares of the enterprise software provider’s stock worth $216,961,000 after buying an additional 5,295,094 shares during the period. Franklin Resources Inc. increased its position in shares of Oracle Corporation by 13.2% in the fourth quarter. Franklin Resources Inc. now owns 28,945,335 shares of the enterprise software provider’s stock worth $1,113,025,000 after buying an additional 3,364,595 shares during the period. Finally, State Street Corp increased its position in shares of Oracle Corporation by 2.8% in the fourth quarter. State Street Corp now owns 122,008,115 shares of the enterprise software provider’s stock worth $4,691,214,000 after buying an additional 3,341,689 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

Shares of Oracle Corporation (ORCL) opened at 50.86 on Tuesday. Oracle Corporation has a 1-year low of $37.62 and a 1-year high of $51.70. The stock has a market cap of $210.15 billion, a price-to-earnings ratio of 23.01 and a beta of 1.13. The stock’s 50 day moving average price is $45.18 and its 200-day moving average price is $42.67.

Oracle Corporation (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 21st. The enterprise software provider reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.11. Oracle Corporation had a return on equity of 20.90% and a net margin of 24.74%. The firm had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $10.45 billion. During the same quarter last year, the business posted $0.81 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Corporation will post $2.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Wednesday, July 19th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 17th. This represents a $0.76 dividend on an annualized basis and a yield of 1.49%. Oracle Corporation’s payout ratio is 34.55%.

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A number of brokerages have recently issued reports on ORCL. Jefferies Group LLC restated a “buy” rating and issued a $52.00 price target on shares of Oracle Corporation in a research report on Tuesday, June 20th. Cowen and Company reiterated an “outperform” rating and issued a $55.00 price objective (up previously from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. MKM Partners reiterated a “neutral” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Oracle Corporation in a research note on Friday. BidaskClub upgraded shares of Oracle Corporation from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $52.00 price objective (up previously from $47.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-nine have given a buy rating to the company. Oracle Corporation has an average rating of “Buy” and a consensus price target of $49.75.

In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $45.25, for a total transaction of $169,687.50. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at $374,715.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark V. Hurd sold 350,000 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $44.84, for a total value of $15,694,000.00. Following the sale, the chief executive officer now directly owns 553,891 shares of the company’s stock, valued at approximately $24,836,472.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,108,851 shares of company stock worth $49,757,846. 29.00% of the stock is currently owned by company insiders.

Oracle Corporation Company Profile

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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Institutional Ownership by Quarter for Oracle Corporation (NYSE:ORCL)

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