Whittier Trust Co. Buys 865 Shares of SAP SE (NYSE:SAP)

Whittier Trust Co. boosted its stake in SAP SE (NYSE:SAP - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,809 shares of the software maker's stock after purchasing an additional 865 shares during the period. Whittier Trust Co.'s holdings in SAP were worth $2,633,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Principal Street Partners LLC grew its position in shares of SAP by 1.0% during the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after acquiring an additional 35 shares during the period. Alaethes Wealth LLC boosted its holdings in SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after buying an additional 39 shares during the period. D Orazio & Associates Inc. boosted its holdings in SAP by 3.1% in the 1st quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock worth $367,000 after buying an additional 41 shares during the period. Principal Securities Inc. boosted its holdings in SAP by 0.5% in the 1st quarter. Principal Securities Inc. now owns 8,825 shares of the software maker's stock worth $2,173,000 after buying an additional 42 shares during the period. Finally, Warther Private Wealth LLC boosted its holdings in SAP by 2.8% in the 1st quarter. Warther Private Wealth LLC now owns 1,711 shares of the software maker's stock worth $459,000 after buying an additional 47 shares during the period.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler assumed coverage on shares of SAP in a report on Tuesday, June 17th. They issued an "overweight" rating for the company. UBS Group raised shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. Argus reiterated a "buy" rating and issued a $320.00 price target on shares of SAP in a research note on Tuesday, April 29th. JMP Securities reiterated a "market outperform" rating and issued a $330.00 price target on shares of SAP in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $271.83.

SAP Stock Up 1.5%

Shares of SAP stock opened at $306.06 on Thursday. The company's fifty day simple moving average is $299.28 and its two-hundred day simple moving average is $280.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock has a market cap of $376.00 billion, a P/E ratio of 58.63, a PEG ratio of 4.27 and a beta of 1.30. SAP SE has a 52 week low of $194.93 and a 52 week high of $313.28.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. Analysts predict 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.