Janney Montgomery Scott LLC Grows Stake in SAP SE (SAP)

Posted by Logan Wallace on Feb 12th, 2019 // No Comments

Janney Montgomery Scott LLC increased its stake in shares of SAP SE (NYSE:SAP) by 34.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,128 shares of the software maker’s stock after purchasing an additional 9,330 shares during the period. Janney Montgomery Scott LLC’s holdings in SAP were worth $3,597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. FMR LLC boosted its position in SAP by 17.4% in the 2nd quarter. FMR LLC now owns 2,434,567 shares of the software maker’s stock valued at $281,582,000 after buying an additional 360,669 shares during the last quarter. Millennium Management LLC bought a new position in SAP in the 2nd quarter valued at $4,386,000. Advisors Asset Management Inc. boosted its position in SAP by 35.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 19,661 shares of the software maker’s stock valued at $2,274,000 after buying an additional 5,100 shares during the last quarter. Bank of Montreal Can boosted its position in SAP by 28.5% in the 3rd quarter. Bank of Montreal Can now owns 108,669 shares of the software maker’s stock valued at $13,367,000 after buying an additional 24,082 shares during the last quarter. Finally, First Hawaiian Bank bought a new position in SAP in the 3rd quarter valued at $134,000. 4.47% of the stock is owned by hedge funds and other institutional investors.

NYSE:SAP opened at $104.09 on Tuesday. SAP SE has a 12-month low of $94.81 and a 12-month high of $127.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.13 and a current ratio of 1.59. The firm has a market capitalization of $127.80 billion, a PE ratio of 22.98, a P/E/G ratio of 2.20 and a beta of 1.01.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 29th. The software maker reported $1.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.10). SAP had a return on equity of 16.47% and a net margin of 16.44%. The company had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.22 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Analysts forecast that SAP SE will post 5.02 EPS for the current fiscal year.

A number of research analysts have commented on the company. Zacks Investment Research upgraded SAP from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. DZ Bank reiterated a “buy” rating on shares of SAP in a research report on Tuesday, January 29th. Royal Bank of Canada reiterated a “neutral” rating on shares of SAP in a research report on Friday. CIBC reiterated a “hold” rating and issued a $44.00 price objective on shares of SAP in a research report on Friday. Finally, Bank of America lowered SAP from a “buy” rating to a “neutral” rating in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $110.63.

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About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.