Bank of Hawaii Raises Stake in SAP SE (NYSE:SAP)

Bank of Hawaii boosted its holdings in shares of SAP SE (NYSE:SAP) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,322 shares of the software maker’s stock after buying an additional 66 shares during the quarter. Bank of Hawaii’s holdings in SAP were worth $761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. Bessemer Group Inc. lifted its holdings in shares of SAP by 32.6% in the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock valued at $49,000 after buying an additional 62 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in SAP by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 57,751 shares of the software maker’s stock valued at $11,264,000 after acquiring an additional 1,807 shares during the period. Bayesian Capital Management LP purchased a new stake in SAP in the 1st quarter worth approximately $741,000. Dynasty Wealth Management LLC acquired a new stake in shares of SAP during the 1st quarter worth approximately $1,081,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of SAP by 48.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,433 shares of the software maker’s stock valued at $865,000 after purchasing an additional 1,437 shares in the last quarter.

SAP Stock Performance

SAP opened at $233.74 on Tuesday. The firm has a market capitalization of $287.15 billion, a PE ratio of 93.50, a PEG ratio of 4.53 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a twelve month low of $148.38 and a twelve month high of $243.01. The firm’s 50-day moving average price is $230.85 and its 200 day moving average price is $212.68.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 EPS. As a group, sell-side analysts expect that SAP SE will post 4.89 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.