Atlantic Union Bankshares Corp Raises Stock Holdings in SAP SE $SAP

Atlantic Union Bankshares Corp raised its position in shares of SAP SE (NYSE:SAP) by 275.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,799 shares of the software maker’s stock after buying an additional 7,188 shares during the period. Atlantic Union Bankshares Corp’s holdings in SAP were worth $2,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SAP. First PREMIER Bank bought a new stake in shares of SAP in the third quarter worth about $25,000. Retirement Wealth Solutions LLC boosted its holdings in SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after acquiring an additional 69 shares in the last quarter. Copia Wealth Management purchased a new position in SAP during the 3rd quarter valued at $28,000. Guerra Advisors Inc bought a new position in SAP in the 3rd quarter worth $31,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of SAP in the 2nd quarter worth about $38,000.

SAP Trading Down 4.8%

NYSE SAP opened at $197.23 on Wednesday. SAP SE has a 12 month low of $195.06 and a 12 month high of $313.28. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average price is $238.00 and its 200-day moving average price is $258.15. The stock has a market cap of $242.29 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.28 and a beta of 1.17.

SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. The company had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.73%. SAP’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. As a group, equities analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAP has been the topic of several research analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of SAP in a research report on Friday. Santander raised SAP to a “neutral” rating in a research report on Tuesday. Arete Research upgraded SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of SAP in a research note on Friday. Finally, TD Cowen reissued a “buy” rating on shares of SAP in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and an average price target of $305.75.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.