Arlington Capital Management Inc. Purchases New Shares in SAP SE $SAP

Key Points

• Arlington Capital Management Inc. has acquired a new stake in SAP SE, purchasing 7,946 shares valued at approximately $2.4 million, which represents about 2.1% of its investment portfolio.
• Several hedge funds have significantly increased their positions in SAP, with Bartlett & CO. Wealth Management LLC raising its stake by 585.7% in the first quarter.
• Analysts generally provide a positive outlook for SAP, with an average rating of "Buy" and a target price of $281.67, while the company reported stronger-than-expected earnings and revenue for the last quarter.

Arlington Capital Management Inc. purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,946 shares of the software maker's stock, valued at approximately $2,416,000. SAP makes up about 2.1% of Arlington Capital Management Inc.'s investment portfolio, making the stock its 18th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC raised its position in SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after acquiring an additional 82 shares during the period. Creative Financial Designs Inc. ADV raised 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 acquiring an additional 66 shares during the period. Founders Capital Management raised 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 acquiring an additional 75 shares during the period. Highline Wealth Partners LLC raised 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 acquiring an additional 77 shares during the period. Finally, Dagco Inc. bought a new stake in SAP in the first quarter worth about $45,000.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Tuesday, September 16th. Piper Sandler started coverage on shares of SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating for the company. Erste Group Bank downgraded shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Oddo Bhf upgraded shares of SAP from a "neutral" rating to an "outperform" rating in a research note on Wednesday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $281.67.

SAP Price Performance

Shares of NYSE:SAP opened at $268.71 on Thursday. The company has a 50 day moving average of $277.35 and a 200 day moving average of $282.15. The stock has a market cap of $330.11 billion, a P/E ratio of 44.49, a P/E/G ratio of 3.82 and a beta of 1.29. SAP SE has a 12 month low of $217.51 and a 12 month high of $313.28. 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 (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. SAP's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 earnings per share. As a group, sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Company 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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