Valeo Financial Advisors LLC increased its holdings in SAP SE (NYSE:SAP – Free Report) by 5.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,530 shares of the software maker’s stock after purchasing an additional 137 shares during the quarter. Valeo Financial Advisors LLC’s holdings in SAP were worth $346,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Capital International Investors lifted its position in shares of SAP by 58.2% during the 1st quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock valued at $524,270,000 after buying an additional 1,729,492 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in SAP by 230.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock valued at $154,173,000 after purchasing an additional 969,505 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of SAP by 33.4% in the first quarter. Clearbridge Investments LLC now owns 2,443,660 shares of the software maker’s stock valued at $309,245,000 after purchasing an additional 612,168 shares during the period. Jane Street Group LLC increased its stake in shares of SAP by 7,585.8% during the fourth quarter. Jane Street Group LLC now owns 362,234 shares of the software maker’s stock worth $37,379,000 after purchasing an additional 357,521 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of SAP by 29.3% during the 1st quarter. Bank of America Corp DE now owns 1,311,135 shares of the software maker’s stock worth $165,924,000 after purchasing an additional 297,217 shares during the last quarter. Hedge funds and other institutional investors own 4.99% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on SAP shares. Oppenheimer reiterated a “market perform” rating on shares of SAP in a research note on Friday, July 21st. Sanford C. Bernstein increased their price objective on SAP from $169.00 to $176.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Barclays dropped their target price on shares of SAP from $146.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, July 21st. Jefferies Financial Group raised shares of SAP from an “underperform” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, StockNews.com started coverage on shares of SAP in a research note on Thursday, August 17th. They set a “strong-buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.50.
SAP Stock Up 1.1 %
Shares of SAP opened at $132.65 on Monday. The company’s 50-day moving average price is $136.69 and its 200 day moving average price is $132.69. SAP SE has a 12-month low of $78.22 and a 12-month high of $145.10. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.22. The firm has a market cap of $156.47 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 2.21 and a beta of 1.18.
SAP (NYSE:SAP – Get Free Report) last released 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). The company had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.38 billion. SAP had a net margin of 16.55% and a return on equity of 6.86%. On average, sell-side analysts forecast that SAP SE will post 4.03 earnings per share for the current year.
SAP Company 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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