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

Whittier Trust Co. grew its position in SAP SE (NYSE:SAP) by 44.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,944 shares of the software maker’s stock after purchasing an additional 2,772 shares during the quarter. Whittier Trust Co.’s holdings in SAP were worth $2,202,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Centricity Wealth Management LLC purchased a new position in SAP during the 4th quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the fourth quarter worth about $27,000. Rakuten Securities Inc. increased its holdings in shares of SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after acquiring an additional 108 shares in the last quarter. Albion Financial Group UT raised its position in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in SAP in the 3rd quarter worth approximately $42,000.

SAP Stock Up 0.4 %

SAP stock opened at $272.69 on Friday. 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 SE has a 52 week low of $175.08 and a 52 week high of $293.70. The business’s 50-day moving average price is $275.63 and its 200 day moving average price is $249.45. The firm has a market cap of $335.00 billion, a price-to-earnings ratio of 95.01, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SAP shares. Barclays upped their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities raised their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets upped 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $248.83.

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.