Truist Financial Corp raised its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,814 shares of the software maker's stock after acquiring an additional 4,680 shares during the period. Truist Financial Corp's holdings in SAP were worth $14,481,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of SAP. FMR LLC increased its holdings in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock worth $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC purchased a new stake in shares of SAP during the fourth quarter worth $290,023,000. Principal Financial Group Inc. grew its holdings in shares of SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker's stock worth $140,111,000 after buying an additional 4,775 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock valued at $125,654,000 after acquiring an additional 7,667 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of SAP by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker's stock valued at $48,295,000 after acquiring an additional 23,352 shares during the last quarter.
SAP Price Performance
SAP stock traded down $5.06 during trading on Friday, reaching $282.87. 1,105,122 shares of the company were exchanged, compared to its average volume of 1,028,502. 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 $347.50 billion, a P/E ratio of 98.56, a PEG ratio of 4.72 and a beta of 1.23. The stock's 50 day moving average price is $265.30 and its 200 day moving average price is $240.60. SAP SE has a 52-week low of $175.08 and a 52-week high of $293.70.
SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Barclays boosted their price target on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and upped their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $248.83.
Read Our Latest Stock Report on SAP
SAP Profile
(
Free Report)
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.
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