US Bancorp DE Increases Stock Holdings in SAP SE (NYSE:SAP)

US Bancorp DE increased its holdings in shares of SAP SE (NYSE:SAP) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Centricity Wealth Management LLC purchased a new position in shares of SAP during the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP during the fourth quarter worth approximately $27,000. Albion Financial Group UT raised its stake in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares during the period. Brooklyn Investment Group acquired a new position in shares of SAP in the 3rd quarter valued at $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of SAP during the 3rd quarter valued at $47,000.

Analysts Set New Price Targets

Several brokerages recently weighed in on SAP. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. BMO Capital Markets lifted their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Up 0.4 %

NYSE SAP opened at $275.68 on Friday. The stock has a market cap of $338.68 billion, a PE ratio of 96.06, a P/E/G ratio of 4.71 and a beta of 1.23. The business has a 50 day moving average price of $269.19 and a two-hundred day moving average price of $244.07. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates 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 predict that SAP SE will post 6.55 EPS for the current fiscal year.

SAP 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.