SAP SE $SAP Stock: Value Partners Investments Inc. Raises Stake

Value Partners Investments Inc. increased its stake in shares of SAP SE (NYSE:SAP) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,844 shares of the software maker’s stock after acquiring an additional 2,799 shares during the quarter. SAP makes up about 1.0% of Value Partners Investments Inc.’s portfolio, making the stock its 23rd largest position. Value Partners Investments Inc.’s holdings in SAP were worth $14,365,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. AA Financial Advisors LLC acquired a new stake in shares of SAP in the 3rd quarter valued at about $318,000. Abel Hall LLC raised its stake in SAP by 45.1% during the 3rd quarter. Abel Hall LLC now owns 6,297 shares of the software maker’s stock worth $1,313,000 after buying an additional 1,957 shares during the period. First Bank & Trust boosted its holdings in SAP by 32.2% in the third quarter. First Bank & Trust now owns 2,098 shares of the software maker’s stock worth $437,000 after acquiring an additional 511 shares in the last quarter. IFP Advisors Inc boosted its holdings in SAP by 19.3% in the third quarter. IFP Advisors Inc now owns 1,478 shares of the software maker’s stock worth $308,000 after acquiring an additional 239 shares in the last quarter. Finally, Center For Asset Management LLC acquired a new stake in SAP in the third quarter valued at approximately $222,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wells Fargo & Company restated an “overweight” rating on shares of SAP in a report on Wednesday, August 12th. Barclays lifted their price objective on shares of SAP from $242.00 to $243.00 and gave the company an “overweight” rating in a report on Tuesday, October 13th. Oppenheimer reissued a “market perform” rating on shares of SAP in a research report on Friday, July 24th. Weiss Ratings upgraded shares of SAP from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, UBS Group cut shares of SAP from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $264.71.

SAP Stock Performance

SAP stock traded up $1.83 during mid-day trading on Monday, hitting $226.12. The company had a trading volume of 2,170,409 shares, compared to its average volume of 2,975,444. The firm has a market cap of $277.79 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. SAP SE has a 12 month low of $144.97 and a 12 month high of $281.36. The stock’s fifty day moving average price is $213.44 and its two-hundred day moving average price is $185.57.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a return on equity of 17.07% and a net margin of 20.88%. The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.30 billion. During the same quarter in the previous year, the business earned $1.50 EPS. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts forecast that SAP SE will post 8.08 earnings per share for the current fiscal year.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.