Cambiar Investors LLC Buys 13,530 Shares of SAP SE $SAP

Key Points

• Cambiar Investors LLC increased its stake in SAP by 35.4%, purchasing 13,530 shares to hold 51,797 shares worth $12.58 million at the end of the quarter.
• Despite several recent downgrades, the consensus rating for SAP remains a Moderate Buy with a consensus target price of $305.75.
• SAP beat quarterly estimates with EPS of $1.90 (vs. $1.77) and revenue of $11.36 billion, but shares trade around $163.12 (12‑month low $160.66) with a market cap of about $200.4 billion and a P/E of 23.14.

Cambiar Investors LLC grew its stake in SAP SE (NYSE:SAP - Free Report) by 35.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,797 shares of the software maker's stock after purchasing an additional 13,530 shares during the period. Cambiar Investors LLC's holdings in SAP were worth $12,582,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its holdings in shares of SAP by 15.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker's stock worth $14,272,000 after buying an additional 7,066 shares during the period. Seaview Investment Managers LLC raised its holdings in shares of SAP by 191.4% in the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker's stock worth $3,138,000 after buying an additional 7,714 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of SAP in the third quarter worth approximately $32,760,000. Cidel Asset Management Inc. raised its holdings in shares of SAP by 9.7% in the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker's stock worth $37,215,000 after buying an additional 12,268 shares during the period. Finally, Natixis Advisors LLC raised its holdings in shares of SAP by 2.3% in the third quarter. Natixis Advisors LLC now owns 415,087 shares of the software maker's stock worth $110,915,000 after buying an additional 9,195 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings downgraded SAP from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, March 16th. TD Cowen reiterated a "buy" rating on shares of SAP in a report on Wednesday, March 18th. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a report on Tuesday, February 24th. Citizens Jmp downgraded SAP from an "outperform" rating to a "market perform" rating in a report on Friday, January 30th. Finally, Zacks Research downgraded SAP from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $305.75.

SAP Trading Down 0.8%

Shares of NYSE:SAP opened at $163.12 on Friday. SAP SE has a 12-month low of $160.66 and a 12-month high of $313.28. The business's fifty day simple moving average is $189.54 and its 200-day simple moving average is $228.98. The company has a market capitalization of $200.39 billion, a PE ratio of 23.14, a P/E/G ratio of 1.84 and a beta of 1.24. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the business posted $1.40 EPS. The business's revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

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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