Truist Financial Corp Purchases 4,680 Shares of SAP SE (NYSE:SAP)

Truist Financial Corp lifted its position in shares of SAP SE (NYSE:SAP) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,814 shares of the software maker’s stock after buying an additional 4,680 shares during the quarter. Truist Financial Corp’s holdings in SAP were worth $14,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Holocene Advisors LP purchased a new stake in shares of SAP during the 3rd quarter worth $10,869,000. Atomi Financial Group Inc. lifted its stake in shares of SAP by 38.9% during the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after purchasing an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of SAP by 208.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after purchasing an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after purchasing an additional 7,667 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after purchasing an additional 8,380 shares during the last quarter.

SAP Stock Down 0.1 %

Shares of SAP stock opened at $288.08 on Friday. The stock’s 50-day simple moving average is $265.30 and its 200-day simple moving average is $240.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market capitalization of $353.90 billion, a PE ratio of 100.38, a P/E/G ratio of 4.79 and a beta of 1.23. SAP SE has a fifty-two week low of $174.88 and a fifty-two week high of $293.70.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BMO Capital Markets upped their price objective on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 29th. Finally, Barclays increased their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $248.83.

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.