Brooklyn Investment Group Buys 3,124 Shares of SAP SE $SAP

Key Points

• Brooklyn Investment Group significantly increased its holdings in SAP SE by 322.7% in the first quarter, bringing their total investment to approximately $1.1 million after acquiring over 3,000 additional shares.
• Multiple hedge funds also expanded their positions in SAP during the same period, with Bartlett & CO. Wealth Management raising its holdings by 585.7%.
• Analysts have mixed ratings on SAP, with a consensus price target of $281.67 and varying recommendations from "overweight" to "hold."

Brooklyn Investment Group boosted its stake in SAP SE (NYSE:SAP - Free Report) by 322.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,092 shares of the software maker's stock after buying an additional 3,124 shares during the period. Brooklyn Investment Group's holdings in SAP were worth $1,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SAP. Principal Street Partners LLC lifted its holdings in shares of SAP by 1.0% during the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after purchasing an additional 35 shares during the last quarter. Independent Advisor Alliance lifted its holdings in shares of SAP by 0.4% during the first quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker's stock valued at $2,673,000 after purchasing an additional 35 shares during the last quarter. Cordatus Wealth Management LLC lifted its holdings in shares of SAP by 1.1% during the first quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock valued at $889,000 after purchasing an additional 37 shares during the last quarter. Alaethes Wealth LLC lifted its holdings in shares of SAP by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock valued at $2,730,000 after purchasing an additional 39 shares during the last quarter. Finally, LCM Capital Management Inc lifted its holdings in shares of SAP by 1.9% during the first 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 last quarter.

SAP Stock Performance

NYSE:SAP traded up $1.7540 during trading hours on Friday, reaching $270.9640. The company had a trading volume of 1,450,717 shares, compared to its average volume of 1,596,464. 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 52 week low of $210.38 and a 52 week high of $313.28. The firm has a market cap of $332.88 billion, a price-to-earnings ratio of 44.86, a PEG ratio of 3.87 and a beta of 1.27. The firm's 50 day moving average price is $292.38 and its 200-day moving average price is $284.98.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $9.10 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm's revenue was up 8.9% on a year-over-year basis. On average, analysts forecast that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Saturday. JMP Securities raised their price target on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 23rd. BMO Capital Markets raised their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Finally, UBS Group raised shares of SAP to a "strong-buy" rating in a research report on Friday, May 30th. 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 stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus 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.