Huntington National Bank Acquires 214 Shares of SAP SE (NYSE:SAP)

Huntington National Bank raised its holdings in SAP SE (NYSE:SAP) by 12.4% in the third quarter, Holdings Channel reports. The firm owned 1,937 shares of the software maker’s stock after purchasing an additional 214 shares during the period. Huntington National Bank’s holdings in SAP were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in SAP during the third quarter valued at about $40,573,000. Marshall Wace LLP purchased a new position in SAP in the second quarter valued at about $21,479,000. Hantz Financial Services Inc. bought a new position in shares of SAP during the 2nd quarter valued at approximately $20,532,000. GQG Partners LLC purchased a new stake in shares of SAP during the 1st quarter worth approximately $14,940,000. Finally, Mediolanum International Funds Ltd bought a new stake in shares of SAP in the 3rd quarter worth approximately $17,376,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SAP shares. TD Cowen increased their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Barclays increased their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities increased their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Price Performance

Shares of NYSE:SAP opened at $228.31 on Friday. The company has a 50 day moving average of $228.97 and a 200 day moving average of $210.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market cap of $280.48 billion, a P/E ratio of 91.32, a P/E/G ratio of 4.44 and a beta of 1.25. SAP SE has a 12 month low of $148.10 and a 12 month high of $243.01.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that SAP SE will post 4.85 EPS for the current fiscal year.

About SAP

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.