AMF Tjanstepension AB Makes New Investment in SAP SE $SAP

Key Points

• AMF Tjanstepension AB has recently acquired a new stake in SAP SE, purchasing 52,837 shares valued at approximately $16,068,000.
• SAP reported a quarterly earnings per share (EPS) of $1.70, exceeding analysts' estimates of $1.63 and reflecting an 8.9% year-over-year revenue growth to $10.58 billion.
• Recent analyst ratings for SAP include increased target prices from JMP Securities and a mix of upgrades and downgrades from various firms, maintaining a consensus rating of Buy with an average target price of $281.67.

AMF Tjanstepension AB bought a new stake in SAP SE (NYSE:SAP - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,837 shares of the software maker's stock, valued at approximately $16,068,000.

Other large investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new stake in SAP in the second quarter valued at $920,000. Modern Wealth Management LLC grew its holdings in SAP by 292.2% in the first quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker's stock valued at $1,252,000 after purchasing an additional 3,474 shares during the last quarter. Ascent Group LLC grew its holdings in SAP by 196.3% in the first quarter. Ascent Group LLC now owns 4,175 shares of the software maker's stock valued at $1,121,000 after purchasing an additional 2,766 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock valued at $354,048,000 after purchasing an additional 80,164 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC acquired a new stake in SAP in the first quarter valued at $13,869,000.

SAP Stock Down 0.5%

Shares of NYSE:SAP opened at $270.48 on Friday. The stock's 50-day moving average price is $272.89 and its two-hundred day moving average price is $282.33. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 12-month low of $217.51 and a 12-month high of $313.28. The firm has a market cap of $332.29 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 3.91 and a beta of 1.28.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on SAP. JMP Securities upped their target price on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. Wall Street Zen lowered SAP from a "buy" rating to a "hold" rating in a research note on Friday. Erste Group Bank lowered SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Piper Sandler assumed coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. Finally, Oddo Bhf raised SAP from a "neutral" rating to an "outperform" rating in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $281.67.

SAP Profile

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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