Hancock Whitney Corp Has $898,000 Holdings in SAP SE (NYSE:SAP)

Hancock Whitney Corp trimmed its holdings in SAP SE (NYSE:SAP) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,921 shares of the software maker’s stock after selling 74 shares during the period. Hancock Whitney Corp’s holdings in SAP were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cetera Advisors LLC grew its position in shares of SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 8,003 shares during the period. Creative Planning boosted its position in shares of SAP by 18.0% during the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after buying an additional 14,546 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after buying an additional 142,270 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in SAP during the 3rd quarter worth approximately $3,780,000. Finally, Dash Acquisitions Inc. grew its stake in shares of SAP by 2.8% during the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock worth $19,039,000 after acquiring an additional 2,175 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SAP. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets lifted their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. TD Cowen boosted their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays increased 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Price Performance

Shares of SAP opened at $234.98 on Wednesday. The firm has a market capitalization of $288.67 billion, a PE ratio of 93.99, a PEG ratio of 4.49 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP SE has a fifty-two week low of $148.38 and a fifty-two week high of $243.01. The company’s 50-day moving average is $231.11 and its 200-day moving average is $213.00.

SAP (NYSE:SAP) last posted its 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 firm 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 previous year, the company posted $1.20 EPS. Equities analysts forecast that SAP SE will post 4.89 EPS for the current year.

SAP 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.