Huntington National Bank trimmed its holdings in SAP SE (NYSE:SAP) by 26.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 854 shares of the software maker’s stock after selling 309 shares during the quarter. Huntington National Bank’s holdings in SAP were worth $99,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. GQG Partners LLC increased its position in SAP by 108.4% in the fourth quarter. GQG Partners LLC now owns 2,218,850 shares of the software maker’s stock worth $220,951,000 after purchasing an additional 1,153,894 shares during the period. FMR LLC increased its position in SAP by 32.1% in the fourth quarter. FMR LLC now owns 3,515,919 shares of the software maker’s stock worth $350,010,000 after purchasing an additional 854,993 shares during the period. Cambiar Investors LLC increased its position in SAP by 19.6% in the fourth quarter. Cambiar Investors LLC now owns 1,648,637 shares of the software maker’s stock worth $164,122,000 after purchasing an additional 270,753 shares during the period. Bank of New York Mellon Corp increased its position in SAP by 394.1% in the third quarter. Bank of New York Mellon Corp now owns 312,116 shares of the software maker’s stock worth $38,390,000 after purchasing an additional 248,945 shares during the period. Finally, Deutsche Bank AG increased its position in SAP by 5,035.6% in the fourth quarter. Deutsche Bank AG now owns 239,009 shares of the software maker’s stock worth $23,792,000 after purchasing an additional 234,355 shares during the period. 4.57% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on SAP. Morgan Stanley reiterated a “neutral” rating on shares of SAP in a research report on Wednesday, April 3rd. UBS Group lowered SAP from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research report on Tuesday, April 9th. HSBC lowered SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. JMP Securities reiterated a “buy” rating and issued a $131.00 price objective on shares of SAP in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of SAP in a research report on Friday, February 8th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. SAP presently has an average rating of “Buy” and a consensus price target of $116.50.
SAP stock opened at $111.20 on Wednesday. The stock has a market cap of $137.42 billion, a PE ratio of 24.55, a P/E/G ratio of 2.38 and a beta of 1.02. SAP SE has a 1 year low of $94.81 and a 1 year high of $127.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 1.59.
SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 29th. The software maker reported $1.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.10). The company had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.22 billion. SAP had a return on equity of 16.47% and a net margin of 16.44%. SAP’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 earnings per share. Equities analysts forecast that SAP SE will post 5.02 EPS for the current year.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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