Wilmington Savings Fund Society FSB Purchases Shares of 2,156 SAP SE (NYSE:SAP)

Wilmington Savings Fund Society FSB acquired a new stake in SAP SE (NYSE:SAP) in the 3rd quarter, HoldingsChannel reports. The fund acquired 2,156 shares of the software maker’s stock, valued at approximately $494,000.

Other hedge funds have also recently modified their holdings of the company. Godsey & Gibb Inc. purchased a new position in SAP during the third quarter valued at approximately $25,000. POM Investment Strategies LLC lifted its stake in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC boosted its holdings in SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares in the last quarter. Brooklyn Investment Group purchased a new stake in SAP during the third quarter worth $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in SAP during the third quarter valued at $47,000.

SAP Stock Down 0.2 %

Shares of SAP opened at $252.91 on Tuesday. The stock has a 50 day moving average price of $237.20 and a 200 day moving average price of $218.46. SAP SE has a one year low of $148.38 and a one year high of $256.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $310.70 billion, a price-to-earnings ratio of 101.16, a PEG ratio of 4.94 and a beta of 1.23.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SAP. JMP Securities increased 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. BMO Capital Markets increased their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. TD Cowen boosted their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays increased their target price on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.