Grove Bank & Trust Increases Position in SAP SE (NYSE:SAP)

Grove Bank & Trust grew its holdings in SAP SE (NYSE:SAP) by 30.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 659 shares of the software maker’s stock after purchasing an additional 152 shares during the quarter. Grove Bank & Trust’s holdings in SAP were worth $151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Westfield Capital Management Co. LP purchased a new stake in SAP in the 1st quarter valued at $58,936,000. Principal Financial Group Inc. boosted its position in shares of SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after acquiring an additional 108,729 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of SAP in the second quarter valued at about $21,479,000. Hantz Financial Services Inc. acquired a new stake in SAP during the second quarter worth about $20,532,000. Finally, GQG Partners LLC purchased a new position in SAP during the first quarter worth about $14,940,000.

SAP Trading Up 1.6 %

SAP opened at $231.83 on Tuesday. SAP SE has a 52 week low of $127.30 and a 52 week high of $232.23. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $219.38 and a 200-day simple moving average of $202.50. The firm has a market cap of $284.80 billion, a P/E ratio of 50.29, a P/E/G ratio of 4.32 and a beta of 1.25.

SAP (NYSE:SAP) last announced its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. On average, equities analysts expect that SAP SE will post 4.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

SAP has been the subject of several analyst reports. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen increased their price objective on 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 target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. Barclays upped their price target on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, BMO Capital Markets raised their price objective 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 stock. Based on data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus price target of $232.17.

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.