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

Whittier Trust Co. grew its holdings in shares of SAP SE (NYSE:SAP) by 16.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,172 shares of the software maker’s stock after acquiring an additional 861 shares during the period. Whittier Trust Co.’s holdings in SAP were worth $1,414,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in SAP in the first quarter valued at $25,000. Sunbelt Securities Inc. acquired a new stake in shares of SAP in the 1st quarter valued at about $29,000. Janiczek Wealth Management LLC lifted its position in shares of SAP by 3.4% during the first quarter. Janiczek Wealth Management LLC now owns 5,311 shares of the software maker’s stock worth $1,036,000 after purchasing an additional 176 shares during the last quarter. Cardinal Capital Management grew its stake in SAP by 5.3% in the first quarter. Cardinal Capital Management now owns 27,419 shares of the software maker’s stock worth $5,348,000 after purchasing an additional 1,379 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in SAP in the first quarter valued at about $202,000.

SAP Price Performance

NYSE SAP opened at $232.32 on Wednesday. The company has a 50-day moving average price of $222.27 and a two-hundred day moving average price of $204.05. SAP SE has a 52 week low of $130.08 and a 52 week high of $237.72. The stock has a market cap of $285.41 billion, a price-to-earnings ratio of 50.39, a price-to-earnings-growth ratio of 4.37 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. Analysts forecast that SAP SE will post 4.84 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays lifted their target price on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. JMP Securities boosted their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday. TD Cowen raised their price target on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets raised their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and an average target price of $248.50.

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.