SAP SE $SAP Shares Purchased by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its holding in SAP SE by 110.5% during the first quarter, purchasing an additional 15,168 shares and bringing its total to 28,893 shares valued at approximately $7.75 million.
• SAP reported earnings of $1.70 per share for the latest quarter, exceeding analyst expectations of $1.63, alongside a revenue of $10.58 billion which was significantly higher than the projected $9.10 billion.
• Research analysts maintain a consensus rating of "Buy" for SAP, with target prices ranging from $281.67 to $375.00, signaling a generally optimistic outlook on the stock's performance.

Federation des caisses Desjardins du Quebec raised its holdings in SAP SE (NYSE:SAP - Free Report) by 110.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,893 shares of the software maker's stock after buying an additional 15,168 shares during the period. Federation des caisses Desjardins du Quebec's holdings in SAP were worth $7,754,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SAP. GAMMA Investing LLC increased its stake in shares of SAP by 31,239.5% during the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after acquiring an additional 1,302,061 shares during the period. Twin Tree Management LP lifted its position in shares of SAP by 122.5% during the 1st quarter. Twin Tree Management LP now owns 51,632 shares of the software maker's stock worth $13,860,000 after buying an additional 280,896 shares during the last quarter. Barclays PLC boosted its holdings in shares of SAP by 101.5% during the 4th quarter. Barclays PLC now owns 3,356 shares of the software maker's stock worth $826,000 after buying an additional 230,171 shares in the last quarter. Main Street Research LLC purchased a new position in SAP in the first quarter valued at about $32,151,000. Finally, Deutsche Bank AG lifted its holdings in shares of SAP by 2,105.3% in the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker's stock worth $28,256,000 after acquiring an additional 100,487 shares during the last quarter.

SAP Stock Performance

SAP stock traded up $1.15 during midday trading on Monday, reaching $270.15. The company had a trading volume of 1,938,649 shares, compared to its average volume of 1,362,657. The stock has a 50 day moving average price of $287.95 and a 200 day moving average price of $283.80. The firm has a market capitalization of $331.88 billion, a PE ratio of 44.73, a P/E/G ratio of 3.86 and a beta of 1.29. SAP SE has a fifty-two week low of $210.80 and a fifty-two week high of $313.28. 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 (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion during 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 was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. Analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

SAP has been the subject of several research reports. JMP Securities upped their target price on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. Piper Sandler began coverage on shares of SAP in a research report on Tuesday, June 17th. They set an "overweight" rating for the company. Wells Fargo & Company began coverage on SAP in a report on Tuesday, May 20th. They set an "overweight" rating for the company. BMO Capital Markets increased their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $281.67.

SAP 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.