Quantbot Technologies LP Takes Position in SAP SE $SAP

Quantbot Technologies LP purchased a new stake in SAP SE (NYSE:SAP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,396 shares of the software maker’s stock, valued at approximately $5,183,000.

Several other hedge funds also recently modified their holdings of SAP. First PREMIER Bank bought a new stake in SAP during the 3rd quarter worth about $25,000. Retirement Wealth Solutions LLC lifted its position in shares of SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after purchasing an additional 69 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of SAP during the third quarter valued at approximately $27,000. Copia Wealth Management bought a new stake in shares of SAP during the third quarter valued at approximately $28,000. Finally, Guerra Advisors Inc acquired a new stake in shares of SAP in the third quarter valued at approximately $31,000.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SAP. TD Cowen reiterated a “buy” rating on shares of SAP in a research report on Friday, January 30th. Zacks Research raised SAP from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Citigroup cut SAP from a “buy” rating to a “hold” rating in a report on Friday, January 30th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, BMO Capital Markets restated an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $305.75.

SAP Price Performance

Shares of SAP opened at $201.42 on Friday. The stock has a market cap of $247.45 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. SAP SE has a 1 year low of $189.22 and a 1 year high of $313.28. The stock’s 50-day moving average price is $223.22 and its two-hundred day moving average price is $247.43. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. The business had revenue of $11.36 billion for 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 16.52%. SAP’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company posted $1.40 EPS. On average, equities analysts predict that SAP SE will post 6.55 earnings per share for the current year.

SAP Company 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.