Wilmington Savings Fund Society FSB Has $1.06 Million Holdings in SAP SE $SAP

Key Points

• Wilmington Savings Fund Society FSB increased its holdings in SAP SE by 135.5% during the second quarter, now owning 3,474 shares valued at $1.06 million.
• Despite a recent 0.7% decline in SAP stock, the company reported strong quarterly earnings of $1.70 EPS, beating expectations and showing an 8.9% year-over-year revenue growth.
• Several hedge funds have also significantly increased their stakes in SAP, indicating ongoing interest and confidence in the stock among institutional investors.

Wilmington Savings Fund Society FSB lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 135.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,474 shares of the software maker's stock after acquiring an additional 1,999 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in SAP were worth $1,056,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SAP. Bartlett & CO. Wealth Management LLC raised its holdings in SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in SAP in the 2nd quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV raised its holdings in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after buying an additional 66 shares in the last quarter. Dagco Inc. acquired a new position in shares of SAP in the 1st quarter worth approximately $45,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of SAP by 108.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker's stock worth $53,000 after buying an additional 101 shares in the last quarter.

SAP Stock Down 0.7%

Shares of SAP opened at $269.66 on Friday. SAP SE has a one year low of $227.52 and a one year high of $313.28. The company has a market cap of $331.28 billion, a P/E ratio of 44.65, a P/E/G ratio of 4.04 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. The firm has a 50 day simple moving average of $270.13 and a two-hundred day simple moving average of $282.35.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. Research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SAP shares. Wall Street Zen cut SAP from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Oddo Bhf upgraded SAP from a "neutral" rating to an "outperform" rating in a research report on Wednesday, September 24th. Barclays reiterated an "overweight" rating and set a $322.00 target price (up from $308.00) on shares of SAP in a report on Friday, July 25th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Tuesday, September 16th. Finally, Erste Group Bank downgraded SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $281.67.

SAP Company 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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