Bain Capital Public Equity LP Purchases New Shares in SAP SE $SAP

Key Points

• Bain Capital Public Equity LP invested approximately $1,050,000 in SAP SE, acquiring 3,910 shares, making it the 16th largest holding in their portfolio.
• Several institutional investors have increased their stakes in SAP, including GAMMA Investing LLC, which grew its holdings by a staggering 31,239.5% in the first quarter.
• SAP SE reported better-than-expected quarterly earnings, posting an EPS of $1.70 against estimates of $1.63, with revenues of $10.58 billion for the quarter.

Bain Capital Public Equity LP purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,910 shares of the software maker's stock, valued at approximately $1,050,000. SAP comprises approximately 1.1% of Bain Capital Public Equity LP's portfolio, making the stock its 16th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC increased its stake in SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after acquiring an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in SAP by 153.5% in 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 increased its stake 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 acquiring an additional 75 shares during the last quarter. Highline Wealth Partners LLC increased its stake 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 acquiring an additional 77 shares during the last quarter. Finally, Dagco Inc. bought a new position in SAP in the first quarter valued at $45,000.

SAP Trading Down 1.1%

Shares of NYSE SAP traded down $2.98 during trading hours on Friday, hitting $269.01. The company's stock had a trading volume of 1,700,353 shares, compared to its average volume of 1,463,723. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $330.48 billion, a price-to-earnings ratio of 44.54, a P/E/G ratio of 3.87 and a beta of 1.29. SAP SE has a 12 month low of $210.38 and a 12 month high of $313.28. The business has a 50-day simple moving average of $287.95 and a 200-day simple moving average of $283.83.

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, topping the consensus estimate of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The business had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the business posted $1.10 earnings per share. SAP's quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAP. Wall Street Zen cut SAP from a "buy" rating to a "hold" rating in a research note on Sunday, August 31st. UBS Group raised SAP to a "strong-buy" rating in a research note on Friday, May 30th. JMP Securities lifted their price target on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 23rd. Erste Group Bank cut SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, BMO Capital Markets raised their target price on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $281.67.

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.