Bain Capital Public Equity Management II LLC Takes Position in SAP SE $SAP

Key Points

• Bain Capital Public Equity Management II LLC has acquired 51,666 shares of SAP SE, amounting to approximately $13.87 million, making it the fund's 14th largest position.
• Despite recent acquisitions, SAP stock decreased by 2.3%, currently priced at $266.01, with a market cap of $326.79 billion.
• SAP's latest earnings report shows the company surpassed expectations with $1.70 earnings per share and revenue of $10.58 billion, reflecting an 8.9% increase year-over-year.

Bain Capital Public Equity Management II LLC acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 51,666 shares of the software maker's stock, valued at approximately $13,869,000. SAP comprises 1.1% of Bain Capital Public Equity Management II LLC's holdings, making the stock its 14th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of SAP. Bartlett & CO. Wealth Management LLC raised its position in shares of SAP by 585.7% during the first 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 increased its position in SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Founders Capital Management increased its position in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after purchasing an additional 75 shares during the last quarter. Highline Wealth Partners LLC increased its position in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after purchasing an additional 77 shares during the last quarter. Finally, Dagco Inc. bought a new stake in SAP in the first quarter worth $45,000.

SAP Stock Down 1.1%

NYSE:SAP traded down $2.98 during mid-day trading on Friday, reaching $269.01. The company's stock had a trading volume of 1,700,353 shares, compared to its average volume of 1,463,723. SAP SE has a 1 year low of $210.38 and a 1 year high of $313.28. The stock has a fifty day moving average of $287.95 and a 200-day moving average of $283.83. The firm has a market capitalization of $330.48 billion, a PE ratio of 44.54, a price-to-earnings-growth ratio of 3.87 and a beta of 1.29. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP - Get Free Report) last released 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 analyst estimates of $9.10 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on SAP. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. JMP Securities boosted their price objective on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company initiated coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Piper Sandler initiated coverage on shares of SAP in a research report on Tuesday, June 17th. They set an "overweight" rating on the stock. Finally, Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, SAP has a consensus rating of "Buy" and a consensus price target of $281.67.

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.