SOL Capital Management CO boosted its position in SAP SE (NYSE:SAP) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,635 shares of the company’s stock after buying an additional 26 shares during the period. SOL Capital Management CO’s holdings in SAP SE were worth $648,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of SAP. Orbis Allan Gray Ltd purchased a new position in SAP SE during the first quarter worth about $14,844,000. Renaissance Technologies LLC bought a new stake in shares of SAP SE during the first quarter worth $13,663,000. Bank of Montreal Can bought a new stake in shares of SAP SE during the second quarter worth $5,815,000. Fisher Asset Management LLC boosted its stake in shares of SAP SE by 1.2% in the second quarter. Fisher Asset Management LLC now owns 6,163,293 shares of the company’s stock worth $480,860,000 after buying an additional 72,681 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of SAP SE by 132.4% in the first quarter. UBS Asset Management Americas Inc. now owns 88,012 shares of the company’s stock worth $7,078,000 after buying an additional 50,133 shares during the period. 3.51% of the stock is currently owned by institutional investors and hedge funds.
SAP SE (NYSE:SAP) traded down 1.27% during mid-day trading on Friday, reaching $86.13. The company had a trading volume of 1,344,384 shares. The company has a market capitalization of $103.20 billion, a price-to-earnings ratio of 25.97 and a beta of 1.43. The firm’s 50 day moving average price is $89.37 and its 200-day moving average price is $82.64. SAP SE has a 12 month low of $71.39 and a 12 month high of $92.76.
SAP SE (NYSE:SAP) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.13. SAP SE had a return on equity of 16.92% and a net margin of 16.76%. Equities research analysts anticipate that SAP SE will post $4.37 earnings per share for the current year.
A number of equities research analysts recently weighed in on SAP shares. Royal Bank Of Canada upped their price objective on SAP SE from $78.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 21st. Credit Suisse Group AG restated an “outperform” rating on shares of SAP SE in a research note on Friday, July 22nd. Barclays PLC restated an “overweight” rating and set a $105.00 price objective (down from $108.00) on shares of SAP SE in a research note on Wednesday, July 6th. Deutsche Bank AG restated a “buy” rating on shares of SAP SE in a research note on Tuesday, September 27th. Finally, Cowen and Company started coverage on SAP SE in a research note on Thursday, June 23rd. They set an “outperform” rating and a $93.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $84.42.
SAP SE Company Profile
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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