Banco Bilbao Vizcaya Argentaria S.A. Acquires Shares of 2,108 SAP SE $SAP

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. acquired 2,108 shares of SAP SE, valued at approximately $565,000, during the 1st quarter of the year.
• SAP reported earnings of $1.70 per share, exceeding estimates, with a revenue of $10.58 billion, which was significantly higher than analysts' forecasts.
• Wall Street analysts generally provide a positive outlook on SAP, with an average rating of "Buy" and a price target of $281.67.

Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,108 shares of the software maker's stock, valued at approximately $565,000.

Other large investors have also recently modified their holdings of the company. Principal Street Partners LLC raised its stake in SAP by 1.0% in the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock worth $908,000 after buying an additional 35 shares in the last quarter. Independent Advisor Alliance boosted its position in SAP by 0.4% during the 1st quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker's stock valued at $2,673,000 after acquiring an additional 35 shares in the last quarter. Cordatus Wealth Management LLC raised its position in shares of SAP by 1.1% in the 1st quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock worth $889,000 after acquiring an additional 37 shares in the last quarter. Alaethes Wealth LLC raised its position in shares of SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after acquiring an additional 39 shares in the last quarter. Finally, LCM Capital Management Inc lifted its stake in shares of SAP by 1.9% in the 1st quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker's stock valued at $557,000 after purchasing an additional 39 shares during the period.

SAP Stock Performance

Shares of SAP stock opened at $270.9640 on Friday. The company has a market capitalization of $332.88 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 3.90 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 SE has a one year low of $210.38 and a one year high of $313.28. The company's 50-day moving average is $292.38 and its 200 day moving average is $284.99.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (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 firm had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The business's revenue was up 8.9% on a year-over-year basis. Sell-side analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SAP. Barclays reiterated an "overweight" rating and issued a $322.00 price objective (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Wells Fargo & Company started coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating for the company. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. UBS Group raised shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Finally, Erste Group Bank downgraded shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One investment 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 company. According to MarketBeat, SAP currently has an average rating of "Buy" and an average price target of $281.67.

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.

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