Toronto Dominion Bank Takes Position in SAP SE (NYSE:SAP)

Toronto Dominion Bank purchased a new position in shares of SAP SE (NYSE:SAP) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 706 shares of the software maker’s stock, valued at approximately $162,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Western Wealth Management LLC lifted its holdings in shares of SAP by 8.9% in the 2nd quarter. Western Wealth Management LLC now owns 2,136 shares of the software maker’s stock worth $431,000 after purchasing an additional 175 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of SAP by 137.1% during the second quarter. First Horizon Advisors Inc. now owns 2,544 shares of the software maker’s stock valued at $513,000 after buying an additional 1,471 shares during the last quarter. Sanibel Captiva Trust Company Inc. increased its position in shares of SAP by 22.6% during the second quarter. Sanibel Captiva Trust Company Inc. now owns 1,918 shares of the software maker’s stock worth $387,000 after acquiring an additional 353 shares in the last quarter. Summit Global Investments acquired a new stake in shares of SAP in the 2nd quarter worth about $956,000. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of SAP by 11.0% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 1,149 shares of the software maker’s stock worth $232,000 after acquiring an additional 114 shares during the last quarter.

SAP Stock Down 0.2 %

SAP stock opened at $252.91 on Tuesday. The stock has a market cap of $310.70 billion, a P/E ratio of 101.16, a P/E/G ratio of 4.94 and a beta of 1.23. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $237.20 and its two-hundred day simple moving average is $218.46. SAP SE has a 1-year low of $148.38 and a 1-year high of $256.13.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the firm posted $1.20 earnings per share. SAP’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts expect that SAP SE will post 4.8 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Barclays upped their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen raised their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $252.33.

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.