Wilmington Savings Fund Society FSB Sells 41 Shares of SAP SE (NYSE:SAP)

Wilmington Savings Fund Society FSB cut its stake in shares of SAP SE (NYSE:SAP) by 1.9% during the 4th quarter, Holdings Channel reports. The fund owned 2,115 shares of the software maker’s stock after selling 41 shares during the period. Wilmington Savings Fund Society FSB’s holdings in SAP were worth $521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Foster Group Inc. grew its stake in shares of SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after buying an additional 45 shares during the period. Wedmont Private Capital increased its holdings in shares of SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after acquiring an additional 46 shares in the last quarter. Confluence Investment Management LLC increased its holdings in shares of SAP by 1.1% during the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after acquiring an additional 49 shares in the last quarter. PDS Planning Inc raised its holdings in SAP by 1.3% during the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after buying an additional 51 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in SAP by 5.0% during the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after buying an additional 52 shares during the last quarter.

SAP Stock Up 3.0 %

SAP stock opened at $289.13 on Wednesday. The stock’s fifty day simple moving average is $259.11 and its two-hundred day simple moving average is $236.44. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 1-year low of $173.09 and a 1-year high of $289.53. The stock has a market cap of $355.20 billion, a P/E ratio of 100.74, a P/E/G ratio of 4.63 and a beta of 1.23.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share 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%. Analysts expect that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SAP shares. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Finally, BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and a consensus price target 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.