Woodley Farra Manion Portfolio Management Inc. held its stake in SAP SE (NYSE:SAP) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,732 shares of the software maker’s stock at the end of the second quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in SAP SE were worth $495,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Morgan Stanley grew its holdings in shares of SAP SE by 101.2% during the 1st quarter. Morgan Stanley now owns 1,659,689 shares of the software maker’s stock worth $162,933,000 after acquiring an additional 834,600 shares during the period. Bank of America Corp DE grew its holdings in shares of SAP SE by 37.3% during the 1st quarter. Bank of America Corp DE now owns 2,565,236 shares of the software maker’s stock worth $251,830,000 after acquiring an additional 696,447 shares during the period. Harbour Capital Advisors LLC grew its holdings in shares of SAP SE by 10,198.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 478,865 shares of the software maker’s stock worth $4,575,000 after acquiring an additional 474,215 shares during the period. FMR LLC grew its holdings in shares of SAP SE by 6,475.0% during the 2nd quarter. FMR LLC now owns 396,409 shares of the software maker’s stock worth $41,493,000 after acquiring an additional 390,380 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of SAP SE by 3.8% during the 2nd quarter. Fisher Asset Management LLC now owns 6,462,281 shares of the software maker’s stock worth $676,407,000 after acquiring an additional 238,908 shares during the period. Institutional investors own 3.56% of the company’s stock.

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SAP SE declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 20th that allows the company to buyback outstanding shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

A number of research analysts have weighed in on SAP shares. Zacks Investment Research downgraded SAP SE from a “hold” rating to a “sell” rating in a report on Monday, July 24th. DZ Bank AG reiterated a “buy” rating on shares of SAP SE in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of SAP SE in a report on Monday, June 26th. BidaskClub downgraded SAP SE from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada upped their target price on SAP SE from $102.00 to $106.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $94.84.

SAP SE 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).

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Institutional Ownership by Quarter for SAP SE (NYSE:SAP)

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