SAP SE (NYSE:SAP) Shares Bought by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC increased its stake in SAP SE (NYSE:SAP) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,569 shares of the software maker’s stock after purchasing an additional 498 shares during the quarter. SAP comprises about 1.9% of Timber Creek Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Timber Creek Capital Management LLC’s holdings in SAP were worth $6,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in SAP by 56.6% during the 2nd quarter. Blue Trust Inc. now owns 2,366 shares of the software maker’s stock valued at $462,000 after purchasing an additional 855 shares in the last quarter. Dash Acquisitions Inc. boosted its stake in SAP by 9.1% during the second quarter. Dash Acquisitions Inc. now owns 77,925 shares of the software maker’s stock valued at $15,586,000 after buying an additional 6,487 shares in the last quarter. Cordatus Wealth Management LLC acquired a new position in SAP during the second quarter worth about $659,000. Atticus Wealth Management LLC bought a new stake in SAP in the second quarter worth about $40,000. Finally, AdvisorNet Financial Inc raised its position in SAP by 30.5% in the second quarter. AdvisorNet Financial Inc now owns 711 shares of the software maker’s stock worth $143,000 after acquiring an additional 166 shares in the last quarter.

SAP Stock Up 0.6 %

NYSE:SAP traded up $1.23 during trading hours on Friday, hitting $216.17. 546,550 shares of the stock traded hands, compared to its average volume of 781,510. The firm has a market cap of $254.99 billion, a price-to-earnings ratio of 46.89, a PEG ratio of 4.12 and a beta of 1.25. The firm has a 50 day moving average price of $201.75 and a 200 day moving average price of $191.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $217.10.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. SAP’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts anticipate that SAP SE will post 4.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SAP shares. TD Cowen lifted their price objective on shares of 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 lifted their price target 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 upped their price target on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a report on Tuesday. JMP Securities raised their price objective on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. Finally, Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average price target 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.