Blair William & Co. IL Makes New $1.03 Million Investment in SAP SE (NYSE:SAP)

Key Points

• Blair William & Co. IL has acquired a new stake in SAP SE, purchasing 3,833 shares valued at approximately $1,029,000 in the first quarter.
• Several hedge funds have increased their positions in SAP, with Bartlett & CO. Wealth Management notably increasing its holdings by 585.7%.
• Analysts have set a positive outlook for SAP, with a consensus rating of "Buy" and target price adjustments leading to an average price target of $281.67.

Blair William & Co. IL bought a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,833 shares of the software maker's stock, valued at approximately $1,029,000.

Several other large investors have also recently bought and sold shares of SAP. Principal Street Partners LLC raised its stake in shares of SAP by 1.0% in the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after buying an additional 35 shares in the last quarter. Cordatus Wealth Management LLC raised its stake 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 valued at $889,000 after buying an additional 37 shares in the last quarter. Alaethes Wealth LLC raised its stake 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 valued at $2,730,000 after buying an additional 39 shares in the last quarter. Bingham Private Wealth LLC raised its stake in shares of SAP by 4.1% in the 1st quarter. Bingham Private Wealth LLC now owns 1,017 shares of the software maker's stock valued at $273,000 after buying an additional 40 shares in the last quarter. Finally, D Orazio & Associates Inc. raised its stake in shares of SAP by 3.1% in the 1st quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock valued at $367,000 after buying an additional 41 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. JMP Securities increased their target price on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 23rd. BMO Capital Markets increased their target price on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $281.67.

SAP Stock Down 3.9%

Shares of NYSE SAP traded down $11.16 during midday trading on Tuesday, reaching $276.08. The company's stock had a trading volume of 5,248,798 shares, compared to its average volume of 1,527,700. 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 SE has a fifty-two week low of $208.24 and a fifty-two week high of $313.28. The stock has a market capitalization of $339.16 billion, a price-to-earnings ratio of 45.71, a PEG ratio of 4.13 and a beta of 1.27. The stock has a 50 day simple moving average of $297.66 and a 200-day simple moving average of $285.17.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. Equities research analysts predict that SAP SE will post 6.55 earnings per share for the current 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.