950 Shares in SAP SE (NYSE:SAP) Purchased by SouthState Corp

SouthState Corp acquired a new position in SAP SE (NYSE:SAPFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 950 shares of the software maker’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAP. Addison Advisors LLC grew its holdings in shares of SAP by 7.7% during the third quarter. Addison Advisors LLC now owns 2,518 shares of the software maker’s stock valued at $326,000 after buying an additional 181 shares during the last quarter. Zions Bancorporation N.A. increased its holdings in shares of SAP by 658.5% in the 3rd quarter. Zions Bancorporation N.A. now owns 3,580 shares of the software maker’s stock worth $463,000 after buying an additional 3,108 shares during the last quarter. Atria Investments Inc increased its holdings in shares of SAP by 30.5% in the 3rd quarter. Atria Investments Inc now owns 40,862 shares of the software maker’s stock worth $5,284,000 after buying an additional 9,542 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its holdings in shares of SAP by 3.5% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 2,446 shares of the software maker’s stock worth $316,000 after buying an additional 82 shares during the last quarter. Finally, Schechter Investment Advisors LLC grew its holdings in SAP by 16.7% during the 3rd quarter. Schechter Investment Advisors LLC now owns 20,116 shares of the software maker’s stock valued at $2,601,000 after purchasing an additional 2,877 shares during the last quarter. Hedge funds and other institutional investors own 4.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SAP. JMP Securities reissued a “market outperform” rating and issued a $179.00 price objective on shares of SAP in a research report on Thursday, October 19th. StockNews.com cut shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Barclays boosted their price objective on shares of SAP from $156.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. BMO Capital Markets upped their price target on shares of SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group upped their price target on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.50.

Read Our Latest Research Report on SAP

SAP Stock Down 0.3 %

NYSE:SAP opened at $175.76 on Wednesday. The company’s fifty day moving average price is $157.90 and its 200-day moving average price is $143.81. SAP SE has a 1-year low of $112.57 and a 1-year high of $176.60. The firm has a market capitalization of $208.01 billion, a P/E ratio of 30.25, a PEG ratio of 3.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.41 and a quick ratio of 1.55.

SAP (NYSE:SAPGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The firm had revenue of $9.12 billion for the quarter, compared to analysts’ expectations of $8.98 billion. SAP had a return on equity of 9.54% and a net margin of 20.30%. As a group, equities research analysts anticipate that SAP SE will post 5.05 EPS for the current year.

About SAP

(Free Report)

SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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