Causeway Capital Management LLC Grows Stock Holdings in SAP SE $SAP

Causeway Capital Management LLC lifted its position in SAP SE (NYSE:SAP) by 68.4% during the third quarter, Holdings Channel reports. The institutional investor owned 193,748 shares of the software maker’s stock after buying an additional 78,699 shares during the quarter. Causeway Capital Management LLC’s holdings in SAP were worth $51,771,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SAP. Russell Investments Group Ltd. grew its holdings in SAP by 1.2% in the third quarter. Russell Investments Group Ltd. now owns 97,187 shares of the software maker’s stock worth $25,969,000 after purchasing an additional 1,124 shares during the last quarter. Private Advisor Group LLC grew its stake in SAP by 2.0% during the 3rd quarter. Private Advisor Group LLC now owns 5,278 shares of the software maker’s stock worth $1,410,000 after buying an additional 106 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in SAP during the 3rd quarter valued at about $387,000. Natixis Advisors LLC raised its stake in SAP by 2.3% in the third quarter. Natixis Advisors LLC now owns 415,087 shares of the software maker’s stock valued at $110,915,000 after buying an additional 9,195 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in SAP by 17.7% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 42,548 shares of the software maker’s stock worth $11,369,000 after acquiring an additional 6,397 shares in the last quarter.

SAP Trading Down 1.0%

NYSE SAP opened at $200.26 on Tuesday. The company has a fifty day moving average of $217.54 and a 200 day moving average of $243.98. The company has a market capitalization of $246.02 billion, a PE ratio of 28.41, a P/E/G ratio of 2.25 and a beta of 1.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16. SAP SE has a 1 year low of $187.93 and a 1 year high of $313.28.

SAP (NYSE:SAP) last issued its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. The firm had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $9.77 billion. SAP had a return on equity of 16.54% and a net margin of 19.92%.The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 earnings per share. Research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SAP shares. Weiss Ratings upgraded shares of SAP from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 27th. Arete Research raised shares of SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Santander upgraded shares of SAP to a “neutral” rating in a research note on Tuesday, February 3rd. Citizens Jmp downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. Finally, Piper Sandler began coverage on SAP in a research report on Tuesday, February 3rd. They issued an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, SAP has an average rating of “Moderate Buy” and an average target price of $305.75.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.