Haverford Trust Co Sells 123 Shares of SAP SE (NYSE:SAP)

Haverford Trust Co lessened its holdings in shares of SAP SE (NYSE:SAP) by 2.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,519 shares of the software maker’s stock after selling 123 shares during the quarter. Haverford Trust Co’s holdings in SAP were worth $1,264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAP. Concurrent Investment Advisors LLC bought a new position in SAP during the first quarter worth about $215,000. Russell Investments Group Ltd. boosted its position in shares of SAP by 19.4% in the first quarter. Russell Investments Group Ltd. now owns 143,887 shares of the software maker’s stock valued at $28,062,000 after acquiring an additional 23,353 shares during the period. Avantax Advisory Services Inc. bought a new position in shares of SAP in the first quarter valued at approximately $270,000. Blair William & Co. IL bought a new position in shares of SAP in the first quarter valued at approximately $247,000. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of SAP by 5.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 10,410 shares of the software maker’s stock valued at $2,030,000 after acquiring an additional 519 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently commented on SAP shares. Barclays raised their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen lifted their target price on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities lifted their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Performance

NYSE:SAP opened at $230.00 on Thursday. SAP SE has a twelve month low of $146.99 and a twelve month high of $243.01. The stock has a market cap of $282.56 billion, a P/E ratio of 92.00, a price-to-earnings-growth ratio of 4.49 and a beta of 1.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $227.96 and its 200 day simple moving average is $209.65.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the firm posted $1.20 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that SAP SE will post 4.9 EPS for the current year.

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.