US Bancorp DE Buys 9,973 Shares of SAP SE (NYSE:SAP)

US Bancorp DE boosted its position in shares of SAP SE (NYSE:SAP - Free Report) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,200 shares of the software maker's stock after buying an additional 9,973 shares during the quarter. US Bancorp DE's holdings in SAP were worth $34,026,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock valued at $1,260,137,000 after purchasing an additional 403,956 shares during the last quarter. Henry James International Management Inc. lifted its stake in shares of SAP by 13.7% in the 4th quarter. Henry James International Management Inc. now owns 53,759 shares of the software maker's stock valued at $13,236,000 after purchasing an additional 6,469 shares during the last quarter. SVB Wealth LLC bought a new stake in SAP in the fourth quarter worth $824,000. Linscomb Wealth Inc. increased its position in SAP by 20.3% during the fourth quarter. Linscomb Wealth Inc. now owns 1,585 shares of the software maker's stock worth $390,000 after buying an additional 267 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in SAP by 5.3% during the fourth quarter. QRG Capital Management Inc. now owns 94,517 shares of the software maker's stock valued at $23,271,000 after buying an additional 4,766 shares in the last quarter.

SAP Trading Up 2.9 %

Shares of SAP stock traded up $8.04 during trading on Wednesday, hitting $287.09. 1,361,941 shares of the company were exchanged, compared to its average volume of 860,744. The firm has a market capitalization of $352.69 billion, a P/E ratio of 100.03, a price-to-earnings-growth ratio of 4.71 and a beta of 1.23. The firm's fifty day moving average price is $271.00 and its 200 day moving average price is $245.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAP has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and upped their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities upped their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, Barclays upped their price target on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has an average rating of "Buy" and an average price target of $248.83.

About SAP

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.