BTC Capital Management Inc. Acquires Shares of 4,431 SAP SE $SAP

Key Points

• BTC Capital Management Inc. invested approximately $1.35 million in SAP SE by acquiring 4,431 shares in the second quarter.
• SAP reported a quarterly earnings per share (EPS) of $1.70, surpassing analysts' expectations, with revenue reaching $10.58 billion, a significant increase from the previous year.
• Several analysts have given SAP a consensus rating of "Buy", with a price target averaging $281.67.

BTC Capital Management Inc. acquired a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,431 shares of the software maker's stock, valued at approximately $1,347,000.

Several other institutional investors and hedge funds have also modified their holdings of SAP. Contravisory Investment Management Inc. raised its position in shares of SAP by 3.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker's stock valued at $338,000 after buying an additional 34 shares in the last quarter. Independent Advisor Alliance lifted its position 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 in the last quarter. Cordatus Wealth Management LLC increased its stake in shares of SAP by 1.1% in the first quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock worth $889,000 after purchasing an additional 37 shares in the last quarter. LCM Capital Management Inc lifted its position in 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. Finally, Bingham Private Wealth LLC raised its holdings in SAP by 4.1% during 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 during the last quarter.

SAP Trading Down 1.0%

SAP traded down $2.61 on Friday, reaching $267.13. 1,670,653 shares of the company traded hands, compared to its average volume of 1,972,102. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a one year low of $217.51 and a one year high of $313.28. The firm has a fifty day simple moving average of $279.53 and a two-hundred day simple moving average of $282.44. The company has a market cap of $328.17 billion, a P/E ratio of 44.23, a price-to-earnings-growth ratio of 3.83 and a beta of 1.29.

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, beating analysts' consensus estimates of $1.63 by $0.07. The company had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. SAP's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 earnings per share. As a group, equities research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SAP. JMP Securities increased their price objective on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research report on Tuesday, September 16th. UBS Group raised SAP to a "strong-buy" rating in a report on Friday, May 30th. Finally, Barclays restated an "overweight" rating and set a $322.00 price objective (up from $308.00) on shares of SAP in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.