SAP SE (NYSE:SAP) Holdings Cut by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC reduced its stake in shares of SAP SE (NYSE:SAP) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,488 shares of the software maker’s stock after selling 348 shares during the period. SAP accounts for 2.2% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. Timber Creek Capital Management LLC’s holdings in SAP were worth $7,753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SAP. Allspring Global Investments Holdings LLC raised its position in SAP by 376.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 23,794 shares of the software maker’s stock valued at $5,451,000 after acquiring an additional 18,799 shares in the last quarter. Godsey & Gibb Inc. acquired a new position in shares of SAP during the 3rd quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in shares of SAP during the 3rd quarter valued at $103,000. Whittier Trust Co. lifted its stake in shares of SAP by 16.2% in the 3rd quarter. Whittier Trust Co. now owns 6,172 shares of the software maker’s stock valued at $1,414,000 after purchasing an additional 861 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in SAP by 5.3% in the third quarter. Sequoia Financial Advisors LLC now owns 11,032 shares of the software maker’s stock worth $2,528,000 after purchasing an additional 560 shares in the last quarter.

SAP Trading Up 0.6 %

Shares of SAP opened at $292.51 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market cap of $359.34 billion, a price-to-earnings ratio of 101.92, a PEG ratio of 4.76 and a beta of 1.23. The stock has a fifty day moving average price of $263.84 and a two-hundred day moving average price of $239.93. SAP SE has a 52-week low of $174.88 and a 52-week high of $293.70.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SAP shares. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price target on shares of SAP in a report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities raised their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.