Wells Fargo & Company MN Grows Holdings in SAP SE (SAP)
Wells Fargo & Company MN grew its position in shares of SAP SE (NYSE:SAP) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 920,159 shares of the software maker’s stock after purchasing an additional 4,642 shares during the period. Wells Fargo & Company MN owned approximately 0.07% of SAP worth $100,895,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC acquired a new stake in shares of SAP in the third quarter valued at $100,000. Parallel Advisors LLC raised its stake in shares of SAP by 32.4% in the second quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock valued at $101,000 after acquiring an additional 234 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of SAP in the second quarter valued at $132,000. IFP Advisors Inc raised its stake in SAP by 29.4% in the second quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock valued at $152,000 after buying an additional 331 shares in the last quarter. Finally, Fiduciary Trust Co. acquired a new stake in SAP in the second quarter valued at $157,000. Institutional investors own 3.68% of the company’s stock.
Shares of SAP SE (NYSE SAP) traded down $0.34 during mid-day trading on Tuesday, hitting $111.44. The company’s stock had a trading volume of 569,100 shares, compared to its average volume of 706,312. The stock has a market capitalization of $137,377.63, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 3.23 and a beta of 1.13. SAP SE has a 12 month low of $82.45 and a 12 month high of $116.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 1.18.
SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. SAP had a return on equity of 15.43% and a net margin of 15.80%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.68 billion. The company’s quarterly revenue was up 4.0% on a year-over-year basis. research analysts forecast that SAP SE will post 4.13 EPS for the current fiscal year.
A number of analysts have weighed in on SAP shares. Argus raised their price target on SAP from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Oppenheimer restated a “buy” rating and issued a $120.00 price target on shares of SAP in a research note on Tuesday, November 14th. Zacks Investment Research upgraded SAP from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Monday, October 23rd. BMO Capital Markets started coverage on SAP in a research note on Friday, October 20th. They issued a “market perform” rating and a $115.00 price target on the stock. They noted that the move was a valuation call. Finally, Stifel Nicolaus restated a “sell” rating and issued a $75.00 price target on shares of SAP in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $106.91.
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SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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