Keybank National Association OH lifted its stake in SAP SE (NYSE:SAP) by 18.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,436 shares of the software maker’s stock after buying an additional 4,855 shares during the period. Keybank National Association OH’s holdings in SAP were worth $4,300,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Comerica Securities Inc. raised its holdings in SAP by 40.6% in the 4th quarter. Comerica Securities Inc. now owns 4,263 shares of the software maker’s stock valued at $424,000 after buying an additional 1,231 shares during the period. Geode Capital Management LLC raised its holdings in SAP by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 17,658 shares of the software maker’s stock valued at $1,757,000 after buying an additional 390 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in SAP in the 1st quarter valued at about $575,000. Virtu Financial LLC purchased a new stake in SAP in the 1st quarter valued at about $450,000. Finally, Raymond James Trust N.A. raised its holdings in SAP by 9.7% in the 1st quarter. Raymond James Trust N.A. now owns 8,485 shares of the software maker’s stock valued at $979,000 after buying an additional 750 shares during the period. 5.00% of the stock is owned by institutional investors and hedge funds.
NYSE:SAP traded up $2.12 on Friday, reaching $119.28. 6,448 shares of the company’s stock were exchanged, compared to its average volume of 849,689. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $143.93 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.68 and a beta of 1.08. The business has a fifty day moving average of $128.92 and a 200-day moving average of $120.49. SAP SE has a 52-week low of $94.81 and a 52-week high of $140.62.
SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.09. The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.71 billion. SAP had a net margin of 11.95% and a return on equity of 15.39%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, equities analysts anticipate that SAP SE will post 4.28 earnings per share for the current year.
Several analysts recently issued reports on the stock. JMP Securities boosted their price objective on shares of SAP from $131.00 to $150.00 and gave the company a “market outperform” rating in a report on Thursday, April 25th. Deutsche Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Jefferies Financial Group assumed coverage on shares of SAP in a report on Monday, July 22nd. They issued a “buy” rating on the stock. Royal Bank of Canada upgraded shares of SAP from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $133.00 to $167.00 in a report on Monday, April 29th. Finally, Zacks Investment Research lowered shares of SAP from a “hold” rating to a “sell” rating and set a $134.00 price target on the stock. in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. SAP presently has an average rating of “Hold” and an average price target of $125.63.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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