SAP SE $SAP Shares Purchased by Aviso Financial Inc.

Key Points

• Aviso Financial Inc. increased its stake in SAP SE by 2.6% during the first quarter, now holding 321,048 shares valued at approximately $86.18 million, making it the firm's 5th largest holding.
• Numerous institutional investors, including TD Asset Management and Northern Trust Corp, have also raised their stakes in SAP, suggesting growing confidence in the company's prospects.
• SAP's recent quarterly earnings outperformed expectations, with a reported $1.70 EPS and revenue of $10.58 billion, compared to analysts' predicted $9.10 billion.

Aviso Financial Inc. grew its stake in SAP SE (NYSE:SAP - Free Report) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,048 shares of the software maker's stock after purchasing an additional 8,098 shares during the quarter. SAP makes up about 4.2% of Aviso Financial Inc.'s holdings, making the stock its 5th largest position. Aviso Financial Inc.'s holdings in SAP were worth $86,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC raised its holdings in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares during the period. Creative Financial Designs Inc. ADV grew its position in 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 acquiring an additional 66 shares during the last quarter. Founders Capital Management lifted its position in SAP by 133.9% in 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 during the last quarter. Highline Wealth Partners LLC lifted 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 valued at $37,000 after purchasing an additional 77 shares during the last quarter. Finally, Dagco Inc. bought a new stake in shares of SAP in the 1st quarter worth approximately $45,000.

Analyst Ratings Changes

Several research analysts recently issued reports on SAP shares. Barclays reiterated an "overweight" rating and issued a $322.00 price target (up from $308.00) on shares of SAP in a research note on Friday, July 25th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a report on Friday, May 2nd. BMO Capital Markets increased their price objective on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. JMP Securities upped their price objective on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. Finally, Argus reiterated a "buy" rating and issued a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $281.67.

SAP Price Performance

SAP stock traded down $1.8350 during trading on Wednesday, reaching $272.3950. The company had a trading volume of 1,249,016 shares, compared to its average volume of 1,799,159. The firm's 50-day simple moving average is $293.48 and its 200 day simple moving average is $285.05. SAP SE has a 1-year low of $210.38 and a 1-year high of $313.28. The firm has a market capitalization of $334.64 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 3.94 and a beta of 1.27. 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 (NYSE:SAP - Get Free Report) last posted 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 firm had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. As a group, equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.