Blue Trust Inc. Has $462,000 Stake in SAP SE (NYSE:SAP)

Blue Trust Inc. lifted its holdings in shares of SAP SE (NYSE:SAP) by 56.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,366 shares of the software maker’s stock after purchasing an additional 855 shares during the period. Blue Trust Inc.’s holdings in SAP were worth $462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAP. Northwest Investment Counselors LLC acquired a new stake in shares of SAP during the 1st quarter worth approximately $25,000. LRI Investments LLC bought a new stake in shares of SAP in the 1st quarter valued at $25,000. Sunbelt Securities Inc. acquired a new stake in shares of SAP during the first quarter worth about $29,000. Wetzel Investment Advisors Inc. acquired a new stake in SAP during the 4th quarter worth approximately $31,000. Finally, Adirondack Trust Co. lifted its stake in SAP by 121.1% in the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after buying an additional 109 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday. TD Cowen boosted their price target on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. JMP Securities raised their price objective on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets boosted their price target on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average target price of $232.00.

SAP Stock Performance

Shares of NYSE:SAP traded up $1.23 on Friday, hitting $216.17. The company had a trading volume of 546,550 shares, compared to its average volume of 781,510. The stock has a market cap of $254.99 billion, a price-to-earnings ratio of 46.89, a P/E/G ratio of 4.12 and a beta of 1.25. The stock has a 50 day moving average price of $201.75 and a 200 day moving average price of $191.95. SAP SE has a 1-year low of $126.75 and a 1-year high of $217.10. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same period in the prior year, the firm earned $0.71 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Analysts expect that SAP SE will post 4.75 EPS for the current year.

SAP 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.