SAP SE $SAP Shares Sold by Bank of Hawaii

Key Points

• Bank of Hawaii reduced its stake in SAP SE by 42.4%, selling 1,372 shares and now owning 1,861 shares valued at approximately $500,000.
• Several institutional investors significantly increased their positions in SAP, with GAMMA Investing LLC boosting its stake by an astonishing 31,239.5% during the same quarter.
• SAP reported better-than-expected quarterly earnings, with $1.70 EPS surpassing estimates of $1.63 and revenues of $10.58 billion exceeding projections of $9.10 billion.

Bank of Hawaii lessened its stake in SAP SE (NYSE:SAP - Free Report) by 42.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,861 shares of the software maker's stock after selling 1,372 shares during the period. Bank of Hawaii's holdings in SAP were worth $500,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SAP. Brighton Jones LLC increased its holdings in SAP by 91.1% in the 4th quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after purchasing an additional 1,255 shares during the last quarter. Barclays PLC increased its holdings in SAP by 101.5% in the 4th quarter. Barclays PLC now owns 3,356 shares of the software maker's stock valued at $826,000 after purchasing an additional 230,171 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in SAP by 13.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 57,264 shares of the software maker's stock valued at $14,099,000 after purchasing an additional 6,704 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in SAP by 64.9% in the 4th quarter. Integrated Wealth Concepts LLC now owns 3,693 shares of the software maker's stock valued at $909,000 after purchasing an additional 1,454 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in SAP by 49.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,463 shares of the software maker's stock valued at $1,345,000 after purchasing an additional 1,817 shares during the last quarter.

SAP Stock Up 0.1%

Shares of SAP stock traded up $0.32 during trading on Thursday, hitting $275.43. 731,000 shares of the stock were exchanged, compared to its average volume of 1,586,241. The stock has a market cap of $338.36 billion, a price-to-earnings ratio of 45.60, a price-to-earnings-growth ratio of 3.96 and a beta of 1.27. The firm's 50-day moving average price is $290.84 and its 200 day moving average price is $284.73. SAP SE has a 12-month low of $210.38 and a 12-month high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. As a group, analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the subject of several research reports. Wells Fargo & Company assumed coverage on shares of SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. Piper Sandler assumed coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating for the company. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. BMO Capital Markets raised their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $281.67.

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.