SAP SE $SAP Stock Holdings Increased by Synovus Financial Corp

Key Points

• Synovus Financial Corp increased its stake in SAP SE by 43.1% in Q1, acquiring an additional 7,155 shares and bringing its total to 23,770 shares valued at approximately $6.38 million.
• Several institutional investors, including Bartlett & CO. Wealth Management LLC, have significantly boosted their holdings in SAP during the same period, indicating strong interest in the company.
• Analysts have a consensus rating of Buy for SAP, with target prices from various brokerages ranging from $281.67 to $330.00, reflecting positive outlooks for the company's stock performance.

Synovus Financial Corp boosted its stake in SAP SE (NYSE:SAP - Free Report) by 43.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,770 shares of the software maker's stock after purchasing an additional 7,155 shares during the quarter. Synovus Financial Corp's holdings in SAP were worth $6,381,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC increased its holdings in shares of SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after buying an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after acquiring an additional 66 shares during the period. Founders Capital Management increased its stake in SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after acquiring an additional 75 shares during the last quarter. Highline Wealth Partners LLC raised its holdings in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after purchasing an additional 77 shares during the period. Finally, Dagco Inc. acquired a new position in shares of SAP in the 1st quarter valued at about $45,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Barclays reissued an "overweight" rating and issued a $322.00 target price (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Finally, UBS Group raised SAP to a "strong-buy" rating in a research report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $281.67.

SAP Stock Up 0.1%

SAP traded up $0.32 on Thursday, reaching $275.43. The company's stock had a trading volume of 731,000 shares, compared to its average volume of 1,361,090. SAP SE has a 1 year low of $210.38 and a 1 year high of $313.28. The business's 50 day moving average is $291.13 and its 200 day moving average is $284.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. 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 3.88 and a beta of 1.27.

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

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.