Hancock Whitney Corp Reduces Stake in SAP SE (NYSE:SAP)

Hancock Whitney Corp cut its holdings in shares of SAP SE (NYSE:SAP) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,995 shares of the software maker’s stock after selling 354 shares during the period. Hancock Whitney Corp’s holdings in SAP were worth $806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAP. Corient Private Wealth LLC lifted its position in shares of SAP by 7.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,625 shares of the software maker’s stock worth $3,343,000 after purchasing an additional 1,551 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in SAP by 20.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 897 shares of the software maker’s stock worth $139,000 after buying an additional 152 shares during the period. Commerce Bank boosted its position in SAP by 8.6% during the 4th quarter. Commerce Bank now owns 5,495 shares of the software maker’s stock valued at $849,000 after acquiring an additional 436 shares in the last quarter. Congress Wealth Management LLC DE purchased a new position in shares of SAP during the 4th quarter worth approximately $217,000. Finally, Johnson Financial Group Inc. bought a new position in shares of SAP in the 4th quarter worth approximately $126,000.

SAP Stock Down 0.1 %

Shares of SAP stock opened at $228.81 on Monday. The company has a 50-day simple moving average of $212.75 and a two-hundred day simple moving average of $198.72. The stock has a market capitalization of $269.90 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 4.34 and a beta of 1.25. SAP SE has a 52-week low of $126.75 and a 52-week high of $230.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts anticipate that SAP SE will post 4.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. TD Cowen upped their price target on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets upped their target price on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Barclays lifted their price target on shares of SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. JMP Securities upped their price objective on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $232.00.

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.