Park National Corp OH Purchases New Stake in SAP SE (NYSE:SAP)

Park National Corp OH purchased a new position in SAP SE (NYSE:SAP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,688 shares of the software maker’s stock, valued at approximately $416,000.

A number of other hedge funds have also recently modified their holdings of SAP. Canandaigua National Bank & Trust Co. grew its stake in shares of SAP by 31.3% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 5,346 shares of the software maker’s stock worth $1,316,000 after purchasing an additional 1,275 shares during the last quarter. GAMMA Investing LLC grew its position in shares of SAP by 13.6% in the 4th quarter. GAMMA Investing LLC now owns 4,168 shares of the software maker’s stock worth $1,026,000 after buying an additional 500 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of SAP during the fourth quarter valued at approximately $54,000. Confluence Investment Management LLC raised its holdings in shares of SAP by 1.1% during the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock valued at $1,065,000 after acquiring an additional 49 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares during the period.

SAP Stock Up 1.7 %

SAP stock opened at $253.76 on Thursday. The business has a 50 day moving average of $242.68 and a 200 day moving average of $225.27. The firm has a market cap of $311.75 billion, a PE ratio of 101.50, a price-to-earnings-growth ratio of 4.94 and a beta of 1.22. SAP SE has a twelve month low of $151.16 and a twelve month high of $256.13. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the firm earned $1.20 EPS. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts forecast that SAP SE will post 4.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAP. Barclays boosted their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. JMP Securities boosted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, TD Cowen upped their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Company 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.