Zions Bancorporation National Association UT Makes New $1.58 Million Investment in SAP SE (NYSE:SAP)

Key Points

• Zions Bancorporation National Association UT has made a new investment of approximately $1.58 million in SAP SE, acquiring 5,884 shares of the software company.
• SAP recently reported earnings of $1.70 per share, exceeding analyst estimates, and a revenue of $10.58 billion, showcasing an 8.9% increase year-over-year.
• Multiple institutional investors have recently increased their positions in SAP, with TD Asset Management and Northern Trust Corp among those making significant buys.

Zions Bancorporation National Association UT purchased a new position in SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,884 shares of the software maker's stock, valued at approximately $1,580,000.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its position in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock worth $648,000 after purchasing an additional 1,255 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of SAP by 15.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker's stock worth $313,000 after purchasing an additional 172 shares during the period. Invesco Ltd. boosted its stake in shares of SAP by 9.0% during the 4th quarter. Invesco Ltd. now owns 151,709 shares of the software maker's stock worth $37,352,000 after purchasing an additional 12,503 shares during the period. Advisory Services Network LLC boosted its stake in shares of SAP by 20.8% during the 4th quarter. Advisory Services Network LLC now owns 2,342 shares of the software maker's stock worth $577,000 after purchasing an additional 403 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of SAP by 3,555.2% during the 4th quarter. Bessemer Group Inc. now owns 13,963 shares of the software maker's stock worth $3,438,000 after purchasing an additional 13,581 shares during the period.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. BMO Capital Markets lifted their price objective on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. JMP Securities lifted their price objective on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. Finally, Barclays reiterated an "overweight" rating and set a $322.00 price objective (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, SAP currently has a consensus rating of "Buy" and an average price target of $281.67.

SAP Trading Down 3.9%

SAP stock traded down $11.16 during midday trading on Tuesday, hitting $276.08. 5,248,798 shares of the stock were exchanged, compared to its average volume of 1,527,700. SAP SE has a fifty-two week low of $208.24 and a fifty-two week high of $313.28. The stock has a market capitalization of $339.16 billion, a price-to-earnings ratio of 45.71, a PEG ratio of 4.13 and a beta of 1.27. The stock's 50-day simple moving average is $297.04 and its 200 day simple moving average is $285.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15.

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 for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The business had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The business's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the business earned $1.10 earnings per share. On average, equities analysts anticipate that SAP SE will post 6.55 EPS for the current 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.