Russell Investments Group Ltd. raised its stake in SAP SE (NYSE:SAP – Free Report) by 4.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,626 shares of the software maker’s stock after purchasing an additional 6,089 shares during the period. Russell Investments Group Ltd.’s holdings in SAP were worth $19,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Personal CFO Solutions LLC grew its stake in SAP by 7.7% in the first quarter. Personal CFO Solutions LLC now owns 4,014 shares of the software maker’s stock valued at $508,000 after purchasing an additional 287 shares during the last quarter. MGO One Seven LLC purchased a new position in SAP in the first quarter valued at about $418,000. Stokes Family Office LLC grew its stake in SAP by 18.5% in the first quarter. Stokes Family Office LLC now owns 5,313 shares of the software maker’s stock valued at $672,000 after purchasing an additional 828 shares during the last quarter. Wrapmanager Inc. grew its stake in SAP by 12.9% in the first quarter. Wrapmanager Inc. now owns 4,940 shares of the software maker’s stock valued at $625,000 after purchasing an additional 566 shares during the last quarter. Finally, NewEdge Wealth LLC boosted its holdings in SAP by 0.9% in the first quarter. NewEdge Wealth LLC now owns 7,981 shares of the software maker’s stock worth $1,010,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 4.95% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. BMO Capital Markets raised their price target on SAP from $125.00 to $140.00 in a report on Monday, April 24th. JMP Securities reissued a “market outperform” rating and issued a $179.00 price target on shares of SAP in a report on Friday, July 21st. Citigroup raised SAP from a “neutral” rating to a “buy” rating in a report on Tuesday, April 25th. TheStreet downgraded SAP from a “b” rating to a “c+” rating in a report on Tuesday, April 25th. Finally, Jefferies Financial Group raised SAP from an “underperform” rating to a “hold” rating in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.50.
SAP Trading Up 1.0 %
Shares of NYSE:SAP opened at $139.00 on Tuesday. SAP SE has a 12-month low of $78.22 and a 12-month high of $145.10. The company has a market capitalization of $163.96 billion, a PE ratio of 30.28, a PEG ratio of 2.28 and a beta of 1.18. The business has a 50 day moving average of $135.72 and a two-hundred day moving average of $128.79. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.22.
SAP (NYSE:SAP – Get Free Report) last announced its quarterly earnings results on Thursday, July 20th. The software maker reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.17). SAP had a net margin of 16.55% and a return on equity of 6.86%. The company had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.38 billion. As a group, analysts forecast that SAP SE will post 4.06 EPS for the current year.
SAP Profile
SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
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