Fayez Sarofim & Co Purchases Shares of 49,674 SAP SE $SAP

Fayez Sarofim & Co acquired a new stake in SAP SE (NYSE:SAP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 49,674 shares of the software maker’s stock, valued at approximately $13,273,000.

A number of other hedge funds have also recently made changes to their positions in SAP. Oppenheimer Asset Management Inc. boosted its stake in SAP by 15.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock valued at $14,272,000 after purchasing an additional 7,066 shares during the last quarter. Seaview Investment Managers LLC raised its stake in shares of SAP by 191.4% in the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock worth $3,138,000 after purchasing an additional 7,714 shares during the last quarter. Cidel Asset Management Inc. lifted its holdings in shares of SAP by 9.7% in the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock valued at $37,215,000 after purchasing an additional 12,268 shares in the last quarter. AMF Tjanstepension AB boosted its position in shares of SAP by 118.9% during the third quarter. AMF Tjanstepension AB now owns 115,679 shares of the software maker’s stock valued at $30,911,000 after buying an additional 62,842 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of SAP by 2.3% during 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.

SAP Price Performance

NYSE SAP opened at $189.96 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company has a market cap of $233.37 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.11 and a beta of 1.18. SAP SE has a 52 week low of $187.93 and a 52 week high of $313.28. The firm’s 50-day simple moving average is $213.55 and its two-hundred day simple moving average is $241.73.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SAP shares. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings raised shares of SAP from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 27th. BMO Capital Markets reiterated an “outperform” rating on shares of SAP in a research note on Friday, January 30th. HSBC upgraded shares of SAP to a “hold” rating in a report on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, SAP has a consensus rating of “Moderate Buy” and a consensus 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.