Intrust Bank NA Boosts Stake in SAP SE $SAP

Intrust Bank NA grew its stake in shares of SAP SE (NYSE:SAP) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,118 shares of the software maker’s stock after buying an additional 269 shares during the period. Intrust Bank NA’s holdings in SAP were worth $1,556,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vermillion Wealth Management Inc. purchased a new position in SAP in the 2nd quarter valued at about $31,000. Princeton Global Asset Management LLC purchased a new position in shares of SAP during the second quarter valued at approximately $38,000. Motco boosted its position in SAP by 400.0% during the second quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Solstein Capital LLC acquired a new stake in SAP during the second quarter worth approximately $40,000. Finally, Dagco Inc. purchased a new stake in SAP in the 1st quarter worth approximately $45,000.

SAP Trading Down 2.7%

NYSE SAP opened at $245.02 on Monday. The firm has a market capitalization of $301.01 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 3.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.11. SAP SE has a one year low of $227.52 and a one year high of $313.28. The company’s 50 day moving average price is $265.26 and its 200 day moving average price is $282.83.

SAP (NYSE:SAP) last released its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. SAP’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, sell-side analysts predict that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. KeyCorp restated an “overweight” rating on shares of SAP in a report on Thursday, October 23rd. BMO Capital Markets reduced their target price on SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Morgan Stanley restated an “overweight” rating on shares of SAP in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SAP in a research note on Friday, October 31st. Finally, Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $284.33.

SAP 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.