Hancock Whitney Corp Sells 74 Shares of SAP SE (NYSE:SAP)

Hancock Whitney Corp reduced its stake in SAP SE (NYSE:SAP) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAP. Godsey & Gibb Inc. bought a new position in shares of SAP in the 3rd quarter valued at $25,000. LRI Investments LLC bought a new position in SAP in the 1st quarter valued at approximately $25,000. POM Investment Strategies LLC boosted its position in SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after buying an additional 116 shares during the period. Crewe Advisors LLC raised its stake in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter. Finally, Atticus Wealth Management LLC bought a new stake in shares of SAP in the second quarter worth $40,000.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. TD Cowen raised their price target on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note 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 research report on Tuesday, October 22nd. Barclays boosted their target price 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. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Performance

SAP opened at $234.98 on Wednesday. SAP SE has a 1-year low of $148.38 and a 1-year high of $243.01. The company has a market cap of $288.67 billion, a price-to-earnings ratio of 93.99, a PEG ratio of 4.49 and a beta of 1.25. The company’s fifty day moving average price is $231.11 and its two-hundred day moving average price is $213.00. 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 (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. On average, analysts expect that SAP SE will post 4.89 EPS for the current fiscal 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.