Prudent Man Advisors LLC Acquires New Holdings in SAP SE (NYSE:SAP)

Prudent Man Advisors LLC bought a new stake in SAP SE (NYSE:SAP - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 920 shares of the software maker's stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. TD Asset Management Inc. raised its holdings in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after acquiring an additional 890,157 shares during the period. Northern Trust Corp raised its holdings in SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after acquiring an additional 701,880 shares during the period. JPMorgan Chase & Co. raised its holdings in SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after acquiring an additional 798,037 shares during the period. Bank of America Corp DE raised its holdings in SAP by 5.7% in the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after acquiring an additional 70,613 shares during the period. Finally, GAMMA Investing LLC raised its holdings in SAP by 31,239.5% in the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after acquiring an additional 1,302,061 shares during the period.

Analyst Upgrades and Downgrades

SAP has been the topic of several research analyst reports. JMP Securities reissued a "market outperform" rating and issued a $330.00 price target on shares of SAP in a report on Friday, May 23rd. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Piper Sandler started coverage on shares of SAP in a research report on Tuesday, June 17th. They set an "overweight" rating on the stock. Finally, UBS Group upgraded shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $271.83.

SAP Price Performance

Shares of NYSE SAP traded up $2.36 during trading hours on Thursday, hitting $308.38. 1,388,966 shares of the stock were exchanged, compared to its average volume of 1,100,024. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $378.85 billion, a PE ratio of 59.08, a price-to-earnings-growth ratio of 4.33 and a beta of 1.30. The company's fifty day simple moving average is $299.56 and its two-hundred day simple moving average is $280.73. SAP SE has a 1-year low of $194.93 and a 1-year high of $313.28.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. On average, sell-side analysts predict 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.