Equitable Trust Co. invests $206,000 in SAP SE (NYSE:SAP)

Equitable Trust Co. acquired a new stake in shares of SAP SE (NYSE:SAP – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,021 shares of the software maker’s stock, valued at approximately $206,000.

Other institutional investors have added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its position in shares of SAP by 3.1% in the 2nd quarter. Ritholtz Wealth Management now owns 24,973 shares of the software maker’s stock valued at $5,037,000 after acquiring an additional 760 shares in the the last quarter. Farther Finance Advisors LLC grew its position in SAP by 63.0% during the second quarter. Farther Finance Advisors LLC now owns 2,393 shares of the software maker’s stock valued at $477,000 after purchasing an additional 925 shares in the last quarter. Sage Mountain Advisors LLC raised its stake in SAP by 16.3% in the second quarter. Sage Mountain Advisors LLC now owns 3,236 shares of the software maker’s stock worth $653,000 after buying an additional 454 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in SAP by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 14,622 shares of the software maker’s stock worth $2,950,000 after purchasing an additional 415 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of SAP by 6.1% in the second quarter. Concurrent Investment Advisors LLC now owns 1,171 shares of the software maker’s stock worth $236,000 after buying an additional 67 shares in the last quarter.

Changes in Analyst Ratings

A number of research analysts recently commented on SAP shares. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JMP Securities boosted their target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. BMO Capital Markets upped their target price on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Barclays raised their price objective on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Finally, Sanford C. Bernstein started coverage on shares of SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Moderate Buy” and a consensus price target of $232.00, according to MarketBeat.com.

Read our latest report on SAP

SAP stock up 0.4%

NYSE:SAP opened at $219.71 on Tuesday. The company has a market cap of $259.17 billion, a price-to-earnings ratio of 47.66, a price-to-earnings-growth ratio of 4.34 and a beta of 1.25. SAP SE has a 12-month low of $126.75 and a 12-month high of $221.24. The company has a current ratio of 1.12, a quick ratio of 1.12, and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $207.75 and a 200 day simple moving average of $195.28.

SAP (NYSE:SAP – Get Free Report ) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company’s revenue for the quarter was up 9.7% year-over-year. In the same quarter last year, the business posted EPS of $0.71. Analysts anticipate that SAP SE will post 4.75 EPS for the current year.

About SAP

(Free report)

SAP SE, together with its subsidiaries, provides applications, technology and services worldwide. 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 expense management solutions covering direct and indirect expenses, travel and expenses, and external workforce management.

Further reading

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