US Bancorp DE Purchases 16,726 Shares of SAP SE $SAP

US Bancorp DE lifted its position in SAP SE (NYSE:SAP) by 12.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,738 shares of the software maker’s stock after acquiring an additional 16,726 shares during the quarter. US Bancorp DE’s holdings in SAP were worth $46,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. TD Asset Management Inc raised its holdings in SAP by 3.8% in the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker’s stock worth $446,364,000 after purchasing an additional 60,261 shares in the last quarter. Northern Trust Corp raised its holdings in SAP by 2.8% in the first quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker’s stock worth $406,076,000 after purchasing an additional 40,926 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after purchasing an additional 80,164 shares in the last quarter. WCM Investment Management LLC raised its holdings in SAP by 5.5% in the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock worth $329,395,000 after purchasing an additional 63,538 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in SAP by 2.6% in the first quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker’s stock worth $98,483,000 after purchasing an additional 9,411 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Barclays reiterated an “overweight” rating and issued a $322.00 target price (up from $308.00) on shares of SAP in a report on Friday, July 25th. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Tuesday, September 16th. Weiss Ratings restated a “buy (b)” rating on shares of SAP in a report on Wednesday. Finally, Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $281.67.

SAP Stock Performance

SAP opened at $275.76 on Friday. The firm’s 50-day moving average price is $271.98 and its 200-day moving average price is $282.39. The company has a market cap of $338.77 billion, a P/E ratio of 45.66, a price-to-earnings-growth ratio of 3.99 and a beta of 1.28. SAP SE has a 52-week low of $223.70 and a 52-week high of $313.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

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

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.