Sequoia Financial Advisors LLC increased its holdings in SAP SE (NYSE:SAP – Get Rating) by 26.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,823 shares of the software maker's stock after buying an additional 1,004 shares during the period. Sequoia Financial Advisors LLC's holdings in SAP were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital International Investors raised its position in shares of SAP by 58.2% in the first 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 raised its position 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. First Trust Advisors LP raised its position in SAP by 5.9% during the first quarter. First Trust Advisors LP now owns 1,170,432 shares of the software maker's stock valued at $129,871,000 after purchasing an additional 65,570 shares in the last quarter. Principal Financial Group Inc. raised its position in SAP by 26.7% during the first quarter. Principal Financial Group Inc. now owns 1,023,546 shares of the software maker's stock valued at $113,572,000 after purchasing an additional 215,811 shares in the last quarter. Finally, Bank of America Corp DE raised its position in SAP by 9.5% during the first quarter. Bank of America Corp DE now owns 961,094 shares of the software maker's stock valued at $106,642,000 after purchasing an additional 83,721 shares in the last quarter. 5.20% of the stock is currently owned by institutional investors and hedge funds.
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Shares of SAP stock opened at $88.04 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.22. SAP SE has a twelve month low of $78.22 and a twelve month high of $149.92. The stock has a market cap of $103.85 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.49 and a beta of 1.06. The company's fifty day moving average is $87.67 and its 200 day moving average is $95.06.
SAP (NYSE:SAP – Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The software maker reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.56). SAP had a return on equity of 10.08% and a net margin of 13.62%. The business had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.68 billion. Sell-side analysts forecast that SAP SE will post 3.26 EPS for the current year.Analyst Upgrades and Downgrades
Several research analysts have commented on SAP shares. Credit Suisse Group restated an "outperform" rating on shares of SAP in a research report on Monday, July 11th. BMO Capital Markets lowered their price objective on shares of SAP from $112.00 to $105.00 and set a "market perform" rating for the company in a research report on Tuesday, July 12th. Barclays lowered their price objective on shares of SAP from $108.00 to $106.00 and set an "equal weight" rating for the company in a research report on Friday, July 22nd. BNP Paribas cut shares of SAP from an "outperform" rating to a "neutral" rating and set a $105.00 target price on the stock. in a research note on Thursday, June 30th. Finally, Berenberg Bank began coverage on shares of SAP in a research note on Tuesday, July 5th. They set a "buy" rating on the stock. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $106.00.
SAP Company Profile
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SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.
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