TIAA Trust National Association Has $338,000 Position in SAP SE (NYSE:SAP)

TIAA Trust National Association increased its holdings in SAP SE (NYSE:SAP) by 18.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,373 shares of the software maker’s stock after buying an additional 214 shares during the quarter. TIAA Trust National Association’s holdings in SAP were worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Centricity Wealth Management LLC acquired a new stake in shares of SAP in the 4th quarter valued at $25,000. Union Bancaire Privee UBP SA bought a new position in SAP during the 4th quarter valued at about $27,000. Rakuten Securities Inc. boosted its position in SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after buying an additional 108 shares in the last quarter. Albion Financial Group UT increased its holdings in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of SAP during the fourth quarter worth approximately $42,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SAP shares. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets boosted 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. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Finally, Barclays raised their price objective on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $248.83.

SAP Stock Performance

Shares of NYSE:SAP opened at $267.83 on Friday. The stock has a market capitalization of $329.03 billion, a P/E ratio of 93.32, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a 1-year low of $175.08 and a 1-year high of $293.70. The business has a 50-day moving average price of $277.05 and a two-hundred day moving average price of $251.46.

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 the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities analysts predict that SAP SE will post 6.55 earnings per share 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.