Crossmark Global Holdings Inc. Has $25.15 Million Stock Holdings in SAP SE $SAP

Crossmark Global Holdings Inc. boosted its position in shares of SAP SE (NYSE:SAP) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,121 shares of the software maker’s stock after purchasing an additional 7,065 shares during the period. Crossmark Global Holdings Inc.’s holdings in SAP were worth $25,150,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in shares of SAP by 15.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock valued at $14,272,000 after purchasing an additional 7,066 shares during the last quarter. Seaview Investment Managers LLC boosted its stake in shares of SAP by 191.4% during the 3rd quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock worth $3,138,000 after acquiring an additional 7,714 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in SAP by 59.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker’s stock worth $10,353,000 after purchasing an additional 12,637 shares during the period. Cidel Asset Management Inc. raised its position in shares of SAP by 9.7% in the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock valued at $37,215,000 after purchasing an additional 12,268 shares during the period. Finally, AMF Tjanstepension AB lifted its stake in shares of SAP by 118.9% in the third quarter. AMF Tjanstepension AB now owns 115,679 shares of the software maker’s stock worth $30,911,000 after buying an additional 62,842 shares during the last quarter.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research analyst reports. Zacks Research upgraded shares of SAP from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. TD Cowen reiterated a “buy” rating on shares of SAP in a research note on Friday, January 30th. BMO Capital Markets reissued an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Barclays set a $283.00 price objective on shares of SAP in a research note on Monday, February 2nd. Finally, Weiss Ratings raised shares of SAP from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Stock Down 0.3%

Shares of SAP opened at $195.69 on Thursday. The company has a market capitalization of $240.41 billion, a P/E ratio of 27.76, a PEG ratio of 2.17 and a beta of 1.18. SAP SE has a one year low of $187.93 and a one year high of $313.28. The business’s 50 day simple moving average is $220.26 and its 200-day simple moving average is $245.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16.

SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The firm had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the previous year, the company posted $1.40 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.