E Fund Management Co. Ltd. Takes $456,000 Position in SAP SE $SAP

Key Points

• E Fund Management Co. Ltd. has acquired a new position in SAP SE by purchasing 1,698 shares, valued at approximately $456,000.
• Several hedge funds have significantly increased their holdings in SAP, with GAMMA Investing LLC raising its stake by over 31,000% in the last quarter.
• SAP reported a net margin of 18.26% and a year-over-year revenue increase of 8.9%, exceeding expectations with earnings per share of $1.70 in their latest earnings report.

E Fund Management Co. Ltd. purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,698 shares of the software maker's stock, valued at approximately $456,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC raised its holdings in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after buying an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after purchasing an additional 66 shares in the last quarter. Founders Capital Management boosted its position in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Highline Wealth Partners LLC boosted its position in shares of SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after purchasing an additional 77 shares in the last quarter. Finally, Dagco Inc. bought a new stake in shares of SAP during the first quarter valued at approximately $45,000.

Wall Street Analysts Forecast Growth

SAP has been the topic of several recent analyst reports. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Piper Sandler assumed coverage on SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating for the company. Wells Fargo & Company assumed coverage on shares of SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock. UBS Group raised shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. Finally, Argus reissued a "buy" rating and set a $320.00 price target on shares of SAP in a report on Tuesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, SAP has a consensus rating of "Buy" and an average price target of $281.67.

SAP Stock Performance

SAP stock traded down $2.8250 during midday trading on Tuesday, reaching $273.8950. The stock had a trading volume of 1,019,934 shares, compared to its average volume of 1,357,689. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. SAP SE has a 52-week low of $210.38 and a 52-week high of $313.28. The firm has a fifty day simple moving average of $294.62 and a two-hundred day simple moving average of $285.21. The stock has a market cap of $336.48 billion, a PE ratio of 45.32, a P/E/G ratio of 4.00 and a beta of 1.27.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

About SAP

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.