Whittier Trust Co. Boosts Stock Holdings in SAP SE (NYSE:SAP)

Whittier Trust Co. boosted its position in SAP SE (NYSE:SAP - Free Report) by 44.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,944 shares of the software maker's stock after buying an additional 2,772 shares during the period. Whittier Trust Co.'s holdings in SAP were worth $2,202,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SAP. Oppenheimer & Co. Inc. acquired a new position in shares of SAP during the third quarter worth about $210,000. Thrivent Financial for Lutherans increased its position in SAP by 79.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,717 shares of the software maker's stock worth $852,000 after purchasing an additional 1,642 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of SAP during the 3rd quarter worth approximately $47,000. Advisors Asset Management Inc. lifted its holdings in shares of SAP by 15.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 13,595 shares of the software maker's stock valued at $3,115,000 after buying an additional 1,770 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in shares of SAP by 11.0% in the third quarter. First Horizon Advisors Inc. now owns 2,824 shares of the software maker's stock valued at $647,000 after buying an additional 280 shares in the last quarter.

SAP Trading Down 4.4 %

NYSE SAP traded down $12.42 during mid-day trading on Wednesday, reaching $267.82. 1,270,215 shares of the stock were exchanged, compared to its average volume of 906,530. The stock has a market capitalization of $329.01 billion, a PE ratio of 93.32, a PEG ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The business's fifty day simple moving average is $276.70 and its 200 day simple moving average is $250.85.

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SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.18% and a net margin of 9.17%. On average, research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SAP shares. Barclays raised their target price on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $248.83.

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.