SAP SE $SAP Stock Position Increased by Whittier Trust Co.

Key Points

• Whittier Trust Co. increased its position in SAP SE by 9.9% during the second quarter, acquiring an additional 975 shares and holding a total of 10,784 shares valued at approximately $3.28 million.
• Various hedge funds, including TD Asset Management and Northern Trust, also raised their stakes in SAP, reflecting growing investor confidence in the company.
• Analysts have set new price targets for SAP, with JMP Securities raising their estimate from $330 to $375, while the stock currently has a consensus rating of "Buy" with an average price target of $281.67.

Whittier Trust Co. boosted its position in SAP SE (NYSE:SAP - Free Report) by 9.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,784 shares of the software maker's stock after purchasing an additional 975 shares during the quarter. Whittier Trust Co.'s holdings in SAP were worth $3,279,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc lifted its position in SAP by 3.8% in the 1st quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock valued at $446,364,000 after purchasing an additional 60,261 shares during the last quarter. Northern Trust Corp lifted its position in SAP by 2.8% in the 1st quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker's stock valued at $406,076,000 after purchasing an additional 40,926 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock valued at $354,048,000 after purchasing an additional 80,164 shares during the last quarter. WCM Investment Management LLC lifted its position in SAP by 5.5% in the 1st quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock valued at $329,395,000 after purchasing an additional 63,538 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in SAP by 2.6% in the 1st quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker's stock valued at $98,483,000 after purchasing an additional 9,411 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on SAP. JMP Securities lifted their price objective on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 23rd. Barclays reissued an "overweight" rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Oddo Bhf raised shares of SAP from a "neutral" rating to an "outperform" rating in a research note on Wednesday, September 24th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Tuesday, September 16th. Finally, Erste Group Bank cut shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $281.67.

SAP Stock Performance

Shares of SAP opened at $280.61 on Wednesday. The firm's 50 day moving average is $269.65 and its 200-day moving average is $282.76. The stock has a market capitalization of $344.73 billion, a P/E ratio of 46.46, a P/E/G ratio of 4.13 and a beta of 1.28. 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 SE has a 12-month low of $227.52 and a 12-month high of $313.28.

SAP (NYSE:SAP - Get Free Report) last announced 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 company had revenue of $10.58 billion for 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 business's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. Equities research analysts anticipate 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.

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