OLD National Bancorp IN Has $348,000 Stock Holdings in SAP SE (NYSE:SAP)

OLD National Bancorp IN decreased its stake in SAP SE (NYSE:SAP) by 21.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,519 shares of the software maker’s stock after selling 426 shares during the quarter. OLD National Bancorp IN’s holdings in SAP were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Modera Wealth Management LLC increased its position in shares of SAP by 1.4% in the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after acquiring an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in SAP by 3.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after purchasing an additional 51 shares in the last quarter. RFP Financial Group LLC lifted its holdings in shares of SAP by 17.5% in the second quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock valued at $70,000 after purchasing an additional 52 shares in the last quarter. PFG Investments LLC boosted its position in shares of SAP by 2.6% in the second quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock worth $490,000 after buying an additional 61 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of SAP by 32.6% during the first quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock valued at $49,000 after buying an additional 62 shares in the last quarter.

Analysts Set New Price Targets

SAP has been the subject of a number of research reports. JMP Securities raised their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays upped their price target on shares of SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, TD Cowen boosted their target price on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $248.50.

SAP Stock Up 1.2 %

Shares of SAP stock opened at $232.32 on Wednesday. The stock’s 50 day simple moving average is $222.27 and its 200 day simple moving average is $204.05. SAP SE has a twelve month low of $130.08 and a twelve month high of $237.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $285.41 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 4.37 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. SAP’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts predict that SAP SE will post 4.84 EPS for the current 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.