OLD National Bancorp IN Grows Position in SAP SE (SAP)

OLD National Bancorp IN lifted its stake in shares of SAP SE (NYSE:SAP) by 16.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,096 shares of the software maker’s stock after acquiring an additional 708 shares during the period. OLD National Bancorp IN’s holdings in SAP were worth $573,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Icon Advisers Inc. Co. acquired a new position in shares of SAP during the 3rd quarter valued at $1,502,000. River Road Asset Management LLC acquired a new position in shares of SAP during the 3rd quarter valued at $255,000. Westwood Management Corp IL lifted its position in shares of SAP by 2.1% during the 3rd quarter. Westwood Management Corp IL now owns 207,500 shares of the software maker’s stock valued at $22,752,000 after acquiring an additional 4,200 shares during the period. FMR LLC lifted its position in shares of SAP by 6,475.0% during the 2nd quarter. FMR LLC now owns 396,409 shares of the software maker’s stock valued at $41,493,000 after acquiring an additional 390,380 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of SAP by 8.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock valued at $121,363,000 after acquiring an additional 83,601 shares during the period. Institutional investors own 3.65% of the company’s stock.

Shares of SAP SE (NYSE:SAP) opened at $105.13 on Thursday. The company has a market cap of $128,470.00, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 2.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 1.17. SAP SE has a one year low of $91.39 and a one year high of $116.90.

A number of research firms recently issued reports on SAP. Citigroup reiterated a “buy” rating on shares of SAP in a research report on Wednesday, January 10th. Argus boosted their target price on shares of SAP from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Cleveland Research lowered shares of SAP from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. Sanford C. Bernstein restated an “outperform” rating and set a $122.00 price target (down previously from $133.00) on shares of SAP in a research note on Monday. Finally, Stifel Nicolaus set a $80.00 price target on shares of SAP and gave the company a “sell” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. SAP has an average rating of “Buy” and a consensus target price of $104.67.

ILLEGAL ACTIVITY NOTICE: “OLD National Bancorp IN Grows Position in SAP SE (SAP)” was originally posted by Week Herald and is the property of of Week Herald. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://weekherald.com/2018/02/15/old-national-bancorp-in-grows-position-in-sap-se-sap.html.

SAP Company Profile

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

Institutional Ownership by Quarter for SAP (NYSE:SAP)

Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply