SAP SE $SAP Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in SAP SE (NYSE:SAP) by 10.3% in the third quarter, Holdings Channel reports. The firm owned 136,161 shares of the software maker’s stock after selling 15,577 shares during the period. US Bancorp DE’s holdings in SAP were worth $36,384,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First PREMIER Bank acquired a new stake in shares of SAP during the third quarter worth $25,000. Retirement Wealth Solutions LLC raised its stake in SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after acquiring an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in SAP during the 3rd quarter worth about $27,000. Copia Wealth Management purchased a new stake in SAP during the 3rd quarter valued at about $28,000. Finally, Guerra Advisors Inc acquired a new position in shares of SAP in the third quarter valued at about $31,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SAP shares. TD Cowen restated a “buy” rating on shares of SAP in a research note on Friday, January 30th. Piper Sandler initiated coverage on shares of SAP in a research report on Tuesday, February 3rd. They set an “overweight” rating for the company. Zacks Research raised shares of SAP from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a research report on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, SAP has a consensus rating of “Moderate Buy” and an average price target of $305.75.

SAP Stock Performance

SAP opened at $201.42 on Friday. The firm has a fifty day moving average price of $223.22 and a 200 day moving average price of $247.63. SAP SE has a 1 year low of $189.22 and a 1 year high of $313.28. The stock has a market cap of $247.45 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.26 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 1.10.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. The company had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.52%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 earnings per share. Equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.