Cullen Frost Bankers Inc. Has $148,000 Stake in SAP SE $SAP

Cullen Frost Bankers Inc. boosted its position in shares of SAP SE (NYSE:SAP) by 23.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 488 shares of the software maker’s stock after buying an additional 94 shares during the period. Cullen Frost Bankers Inc.’s holdings in SAP were worth $148,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Jackson Thornton Wealth Management LLC acquired a new stake in shares of SAP during the second quarter valued at about $271,000. Whittier Trust Co. grew its position in shares of SAP by 9.9% in the 2nd quarter. Whittier Trust Co. now owns 10,784 shares of the software maker’s stock valued at $3,279,000 after buying an additional 975 shares during the last quarter. Klingman & Associates LLC bought a new stake in shares of SAP in the 2nd quarter valued at about $369,000. Journey Advisory Group LLC bought a new stake in shares of SAP in the 2nd quarter valued at about $936,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of SAP in the 2nd quarter valued at about $38,000.

SAP Stock Performance

Shares of SAP stock opened at $269.11 on Friday. The company has a market cap of $330.61 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 3.99 and a beta of 1.28. SAP SE has a 52 week low of $227.52 and a 52 week high of $313.28. The business has a 50 day moving average price of $269.42 and a 200-day moving average price of $283.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP) last issued its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 15.87% and a net margin of 19.50%.SAP’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $1.23 earnings per share. Equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on SAP. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research report on Tuesday, September 16th. Morgan Stanley restated an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. BMO Capital Markets cut their price target on SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $284.33.

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.