Timber Creek Capital Management LLC Has $7.75 Million Stock Position in SAP SE (NYSE:SAP)

Timber Creek Capital Management LLC reduced its holdings in SAP SE (NYSE:SAP) by 1.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,488 shares of the software maker’s stock after selling 348 shares during the quarter. SAP accounts for approximately 2.2% of Timber Creek Capital Management LLC’s portfolio, making the stock its 13th largest position. Timber Creek Capital Management LLC’s holdings in SAP were worth $7,753,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Godsey & Gibb Inc. bought a new stake in shares of SAP in the 3rd quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP during the fourth quarter worth about $27,000. Albion Financial Group UT lifted its holdings in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group bought a new stake in SAP during the 3rd quarter worth approximately $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in SAP during the 3rd quarter worth approximately $47,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, BMO Capital Markets raised their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has an average rating of “Buy” and an average target price of $248.83.

SAP Trading Up 0.6 %

NYSE SAP opened at $292.51 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $263.84 and a 200-day moving average of $239.93. SAP SE has a 12 month low of $174.88 and a 12 month high of $293.70. The company has a market cap of $359.34 billion, a PE ratio of 101.92, a PEG ratio of 4.76 and a beta of 1.23.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company 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.