Causeway Capital Management LLC Grows Stake in SAP SE $SAP

Key Points

• Causeway Capital raised its stake in SAP by 68.4% in Q3, adding 78,699 shares to hold 193,748 shares valued at about $51.77 million.
• SAP beat expectations on Jan. 29, reporting $1.90 EPS vs. $1.77 expected and $11.36 billion in revenue (vs. $9.77B), with revenue up 3.3% year‑over‑year.
• Wall Street sentiment is broadly positive — the stock carries an average rating of "Moderate Buy" (2 Strong Buy, 12 Buy, 6 Hold) and an average target price of $305.75.

Causeway Capital Management LLC raised its stake in shares of SAP SE (NYSE:SAP - Free Report) by 68.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,748 shares of the software maker's stock after purchasing an additional 78,699 shares during the period. Causeway Capital Management LLC's holdings in SAP were worth $51,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SAP. CX Institutional lifted its position in SAP by 2.0% in the third quarter. CX Institutional now owns 1,961 shares of the software maker's stock worth $524,000 after buying an additional 38 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of SAP by 1.0% during the 3rd quarter. Kathmere Capital Management LLC now owns 4,019 shares of the software maker's stock worth $1,074,000 after purchasing an additional 40 shares during the period. Certuity LLC grew its holdings in SAP by 2.4% during the 2nd quarter. Certuity LLC now owns 1,866 shares of the software maker's stock valued at $568,000 after purchasing an additional 43 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in SAP by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker's stock worth $1,355,000 after purchasing an additional 43 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in shares of SAP by 22.0% during the third quarter. Harbor Investment Advisory LLC now owns 244 shares of the software maker's stock valued at $65,000 after buying an additional 44 shares during the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $200.26 on Tuesday. The firm has a market cap of $246.02 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.25 and a beta of 1.18. SAP SE has a 52-week low of $187.93 and a 52-week high of $313.28. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $217.54 and its 200 day moving average is $243.98.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Arete Research upgraded SAP to a "strong-buy" rating in a report on Thursday, December 11th. Santander upgraded shares of SAP to a "neutral" rating in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of SAP in a report on Friday, January 30th. HSBC raised shares of SAP to a "hold" rating in a research report on Tuesday, January 20th. Finally, BMO Capital Markets restated an "outperform" rating on shares of SAP in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $305.75.

About SAP

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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