Crossmark Global Holdings Inc. Raises Stock Position in SAP SE (NYSE:SAP)

Crossmark Global Holdings Inc. raised its stake in shares of SAP SE (NYSE:SAP - Free Report) by 47.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,375 shares of the software maker's stock after buying an additional 29,364 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in SAP were worth $20,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SAP. LRI Investments LLC purchased a new position in SAP during the first quarter valued at $25,000. Godsey & Gibb Inc. purchased a new position in shares of SAP during the third quarter valued at about $25,000. POM Investment Strategies LLC increased its holdings in shares of SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker's stock worth $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker's stock worth $28,000 after buying an additional 127 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in SAP by 254.2% during the first quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker's stock valued at $33,000 after buying an additional 122 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Argus raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price target on shares of SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. JMP Securities lifted their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a "market outperform" rating in a research note on Tuesday, October 22nd. TD Cowen upped their target price on shares of SAP from $234.00 to $240.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Finally, Barclays increased their price target on shares of SAP from $252.00 to $275.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $252.33.

SAP Trading Down 1.1 %

SAP stock traded down $2.63 during midday trading on Friday, reaching $237.56. The stock had a trading volume of 706,553 shares, compared to its average volume of 969,347. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a market cap of $291.84 billion, a price-to-earnings ratio of 95.02, a price-to-earnings-growth ratio of 4.55 and a beta of 1.25. SAP SE has a 52-week low of $142.39 and a 52-week high of $243.01. The company has a fifty day moving average of $227.28 and a 200 day moving average of $208.80.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion during the quarter, compared to analysts' expectations of $9.25 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that SAP SE will post 4.9 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.