Foresight Global Investors Inc. Has $10.14 Million Holdings in SAP SE $SAP

Foresight Global Investors Inc. lowered its stake in SAP SE (NYSE:SAP) by 18.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,938 shares of the software maker’s stock after selling 8,402 shares during the quarter. SAP comprises approximately 6.0% of Foresight Global Investors Inc.’s holdings, making the stock its 9th largest holding. Foresight Global Investors Inc.’s holdings in SAP were worth $10,137,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after buying an additional 1,255 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of SAP in the 1st quarter valued at approximately $242,000. AQR Capital Management LLC boosted its stake in SAP by 49.0% during the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after acquiring an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in SAP during the first quarter valued at approximately $2,681,000. Finally, Sivia Capital Partners LLC increased its stake in SAP by 2.3% in the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after purchasing an additional 69 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SAP. Barclays set a $283.00 price target on shares of SAP in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SAP in a report on Friday, January 30th. HSBC upgraded SAP to a “hold” rating in a report on Tuesday, January 20th. Zacks Research upgraded SAP from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, TD Cowen reissued a “buy” rating on shares of SAP in a research note on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $305.75.

SAP Trading Up 2.0%

SAP stock opened at $199.54 on Friday. The company has a market cap of $245.14 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 2.16 and a beta of 1.18. The firm has a 50-day moving average of $219.34 and a 200-day moving average of $245.38. 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 one year low of $187.93 and a one year high of $313.28.

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