Equitable Trust Co. Boosts Position in SAP SE $SAP

Equitable Trust Co. lifted its holdings in shares of SAP SE (NYSE:SAP) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,472 shares of the software maker’s stock after purchasing an additional 423 shares during the quarter. Equitable Trust Co.’s holdings in SAP were worth $5,617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC grew its holdings in shares of SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after buying an additional 66 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in SAP in the second quarter worth approximately $31,000. Highline Wealth Partners LLC boosted its stake in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after buying an additional 77 shares in the last quarter. Finally, Dagco Inc. purchased a new stake in SAP in the first quarter worth approximately $45,000.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SAP shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Barclays reiterated an “overweight” rating and issued a $322.00 price objective (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. Finally, Piper Sandler initiated coverage on SAP in a research report on Tuesday, June 17th. They issued an “overweight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, SAP has an average rating of “Buy” and a consensus target price of $281.67.

SAP Price Performance

SAP opened at $269.70 on Tuesday. The stock has a fifty day simple moving average of $271.34 and a two-hundred day simple moving average of $282.51. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market cap of $331.32 billion, a price-to-earnings ratio of 44.65, a price-to-earnings-growth ratio of 3.94 and a beta of 1.28. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28.

SAP (NYSE:SAP) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.