Blair William & Co. IL Acquires New Shares in SAP SE $SAP

Key Points

• Blair William & Co. IL initiated a new stake in SAP in Q3, buying 34,403 shares valued at roughly $9.19 million.
• Other institutions also increased positions—most notably Neuberger Berman added 23,535 shares and now holds 264,583 shares (~$70.6 million).
• SAP beat quarterly expectations, reporting $1.90 EPS vs. $1.77 expected and $11.36 billion in revenue (vs. $9.77 billion), and carries a consensus analyst rating of "Moderate Buy" with an average price target of $305.75.

Blair William & Co. IL bought a new stake in SAP SE (NYSE:SAP - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,403 shares of the software maker's stock, valued at approximately $9,193,000.

A number of other hedge funds have also modified their holdings of the company. Baltimore Washington Financial Advisors Inc. increased its stake in SAP by 10.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 23,145 shares of the software maker's stock valued at $6,185,000 after purchasing an additional 2,274 shares in the last quarter. HUB Investment Partners LLC raised its stake in SAP by 43.9% during the 3rd quarter. HUB Investment Partners LLC now owns 1,003 shares of the software maker's stock worth $268,000 after buying an additional 306 shares during the period. Legacy Capital Group California Inc. lifted its holdings in SAP by 103.0% during the third quarter. Legacy Capital Group California Inc. now owns 2,668 shares of the software maker's stock worth $713,000 after acquiring an additional 1,354 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in SAP by 9.8% during the third quarter. Neuberger Berman Group LLC now owns 264,583 shares of the software maker's stock worth $70,636,000 after acquiring an additional 23,535 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in SAP by 4.9% in the third quarter. Gabelli Funds LLC now owns 4,720 shares of the software maker's stock valued at $1,261,000 after acquiring an additional 220 shares during the period.

SAP Stock Performance

Shares of SAP stock opened at $200.26 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $246.02 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 2.25 and a beta of 1.18. The stock's 50-day moving average is $217.54 and its 200-day moving average is $243.98. SAP SE has a one year low of $187.93 and a one year high of $313.28.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The business had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the company earned $1.40 earnings per share. SAP's quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research analyst reports. Wall Street Zen lowered SAP from a "buy" rating to a "hold" rating in a research report on Tuesday, February 24th. TD Cowen reiterated a "buy" rating on shares of SAP in a research report on Friday, January 30th. Barclays set a $283.00 target price on SAP in a research note on Monday, February 2nd. Santander upgraded shares of SAP to a "neutral" rating in a report on Tuesday, February 3rd. Finally, Citigroup lowered shares of SAP from a "buy" rating to a "hold" rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, SAP has a consensus rating of "Moderate Buy" and an average price target of $305.75.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company's name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP's product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

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