US Bancorp DE Has $36.24 Million Holdings in SAP SE (NYSE:SAP)

Key Points

• US Bancorp DE reduced its holdings in SAP SE by 2.3%, now owning approximately $36.24 million worth of shares after selling 3,188 shares in the first quarter.
• SAP's recent quarterly earnings reflected a beating of expectations, reporting $1.70 EPS against a consensus estimate of $1.63, alongside a revenue of $10.58 billion.
• Analysts have a consensus "Buy" rating on SAP, with price targets ranging from $281.67 to $322.00, indicating strong market expectations for the company.

US Bancorp DE cut its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,012 shares of the software maker's stock after selling 3,188 shares during the period. US Bancorp DE's holdings in SAP were worth $36,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC increased its stake in 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 purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after buying an additional 66 shares in the last quarter. Founders Capital Management grew its stake in shares of SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after buying an additional 75 shares in the last quarter. Highline Wealth Partners LLC grew its stake in shares of SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after buying an additional 77 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of SAP by 108.6% in the first quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker's stock valued at $53,000 after buying an additional 101 shares in the last quarter.

SAP Price Performance

SAP stock opened at $282.95 on Friday. The stock's 50 day moving average is $298.92 and its 200 day moving average is $284.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.17. The firm has a market cap of $347.60 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.07 and a beta of 1.27. SAP SE has a one year low of $194.93 and a one year high of $313.28.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a report on Saturday. Barclays restated an "overweight" rating and issued a $322.00 price target (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Wells Fargo & Company started coverage on SAP in a research report on Tuesday, May 20th. They issued an "overweight" rating on the stock. Finally, Argus restated a "buy" rating and set a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $281.67.

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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