Equitable Trust Co. Raises Stock Holdings in SAP SE $SAP

Equitable Trust Co. boosted its holdings in SAP SE (NYSE:SAP) by 2.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 18,472 shares of the software maker’s stock after acquiring an additional 423 shares during the period. Equitable Trust Co.’s holdings in SAP were worth $5,617,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC raised its position in SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after buying an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in SAP in the second quarter worth about $31,000. Highline Wealth Partners LLC boosted its position in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after purchasing an additional 77 shares during the last quarter. Finally, Dagco Inc. purchased a new position in SAP in the first quarter worth about $45,000.

SAP Stock Performance

NYSE:SAP opened at $269.70 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP SE has a 1 year low of $227.52 and a 1 year high of $313.28. The stock’s 50 day simple moving average is $271.34 and its two-hundred day simple moving average is $282.51. The company has a market cap of $331.32 billion, a price-to-earnings ratio of 44.65, a PEG ratio of 3.94 and a beta of 1.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The business had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. As a group, equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Piper Sandler assumed coverage on SAP in a research report on Tuesday, June 17th. They issued an “overweight” rating on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Erste Group Bank downgraded SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. JMP Securities boosted their price objective on SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 23rd. Finally, Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, SAP currently has a consensus rating of “Buy” and an average price target of $281.67.

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.