US Bancorp DE increased its holdings in SAP SE (NYSE:SAP - Free Report) by 12.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,738 shares of the software maker's stock after purchasing an additional 16,726 shares during the period. US Bancorp DE's holdings in SAP were worth $46,144,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC increased its position in SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in SAP during the second quarter worth $31,000. Highline Wealth Partners LLC boosted its stake in SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after buying an additional 77 shares during the period. Finally, Dagco Inc. purchased a new position in SAP during the first quarter worth $45,000.
SAP Stock Down 0.5%
Shares of SAP opened at $275.76 on Friday. The firm has a market capitalization of $338.77 billion, a P/E ratio of 45.66, a P/E/G ratio of 3.99 and a beta of 1.28. SAP SE has a 12-month low of $223.70 and a 12-month high of $313.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $271.98 and a 200-day moving average price of $282.39.
SAP (NYSE:SAP - Get Free Report) last issued 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. The firm had revenue of $10.58 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. Equities research analysts expect that SAP SE will post 6.55 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have commented on the stock. Oddo Bhf raised shares of SAP from a "neutral" rating to an "outperform" rating in a research note on Wednesday, September 24th. Erste Group Bank lowered shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of SAP in a research note on Wednesday. Finally, Piper Sandler assumed coverage on shares of SAP in a research note on Tuesday, June 17th. They set an "overweight" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $281.67.
Read Our Latest Analysis on SAP
SAP Company Profile
(
Free Report)
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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