Main Street Research LLC purchased a new position in SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 119,768 shares of the software maker's stock, valued at approximately $32,151,000. SAP makes up 2.1% of Main Street Research LLC's portfolio, making the stock its 25th largest position.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC bought a new stake in shares of SAP in the 1st quarter worth about $107,000. Cornerstone Planning Group LLC raised its position in SAP by 108.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 194 shares of the software maker's stock worth $53,000 after purchasing an additional 101 shares during the period. Principal Securities Inc. raised its position in SAP by 0.5% in the 1st quarter. Principal Securities Inc. now owns 8,825 shares of the software maker's stock worth $2,173,000 after purchasing an additional 42 shares during the period. Greenleaf Trust lifted its stake in SAP by 2.5% in the first quarter. Greenleaf Trust now owns 5,167 shares of the software maker's stock worth $1,387,000 after purchasing an additional 127 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in shares of SAP by 16.3% during the first quarter. Valeo Financial Advisors LLC now owns 3,170 shares of the software maker's stock valued at $851,000 after buying an additional 444 shares during the period.
SAP Stock Down 1.5%
Shares of SAP stock traded down $4.79 on Thursday, hitting $307.14. The stock had a trading volume of 624,065 shares, compared to its average volume of 1,086,103. SAP SE has a one year low of $194.93 and a one year high of $314.68. The business has a 50 day moving average price of $298.74 and a 200 day moving average price of $278.56. The company has a market cap of $377.32 billion, a PE ratio of 58.90, a P/E/G ratio of 4.38 and a beta of 1.30. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15.
SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. Research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on SAP. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. JMP Securities reiterated a "market outperform" rating and issued a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Argus reissued a "buy" rating and set a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. BMO Capital Markets upped their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, UBS Group upgraded shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $271.83.
Read Our Latest Report on SAP
About SAP
(
Free Report)
SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
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