Wilmington Savings Fund Society FSB Sells 41 Shares of SAP SE (NYSE:SAP)

Wilmington Savings Fund Society FSB lessened its stake in shares of SAP SE (NYSE:SAP) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,115 shares of the software maker’s stock after selling 41 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in SAP were worth $521,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SAP. Foster Group Inc. increased its stake in SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after acquiring an additional 45 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after buying an additional 46 shares in the last quarter. Confluence Investment Management LLC raised its holdings in shares of SAP by 1.1% during the 4th quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after buying an additional 49 shares in the last quarter. PDS Planning Inc raised its holdings in shares of SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after buying an additional 51 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after acquiring an additional 52 shares during the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $289.13 on Wednesday. The stock has a market capitalization of $355.20 billion, a PE ratio of 100.74, a PEG ratio of 4.63 and a beta of 1.23. The business’s 50 day simple moving average is $259.11 and its 200 day simple moving average is $236.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP SE has a one year low of $173.09 and a one year high of $289.53.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $248.83.

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.