Focus Partners Advisor Solutions LLC Takes Position in SAP SE $SAP

Key Points

• Focus Partners Advisor Solutions LLC acquired a new stake in SAP SE, purchasing 1,362 shares valued at approximately $366,000 in the first quarter.
• Several institutional investors have increased their holdings in SAP, with GAMMA Investing LLC significantly boosting its stake by 31,239.5% during the same period.
• SAP reported better-than-expected earnings, with $1.70 earnings per share for the quarter, exceeding analyst estimates of $1.63.

Focus Partners Advisor Solutions LLC acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,362 shares of the software maker's stock, valued at approximately $366,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MAI Capital Management grew its stake in shares of SAP by 6.2% during the first quarter. MAI Capital Management now owns 4,116 shares of the software maker's stock valued at $1,105,000 after buying an additional 240 shares during the last quarter. Twin Tree Management LP grew its stake in shares of SAP by 122.5% during the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker's stock valued at $13,860,000 after buying an additional 280,896 shares during the last quarter. Baird Financial Group Inc. bought a new position in shares of SAP during the first quarter valued at about $242,000. Palogic Value Management L.P. grew its stake in shares of SAP by 1.3% in the first quarter. Palogic Value Management L.P. now owns 5,963 shares of the software maker's stock worth $1,601,000 after purchasing an additional 75 shares during the last quarter. Finally, Stony Point Capital LLC bought a new stake in shares of SAP in the first quarter worth about $5,844,000.

Wall Street Analyst Weigh In

SAP has been the topic of several recent analyst reports. Erste Group Bank cut SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. BMO Capital Markets raised their target price on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. UBS Group raised SAP to a "strong-buy" rating in a research note on Friday, May 30th. JMP Securities raised their target price on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 23rd. Finally, Piper Sandler initiated coverage on SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating on the stock. One 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $281.67.

SAP Stock Down 0.9%

SAP stock traded down $2.34 during trading hours on Thursday, hitting $258.17. 3,281,997 shares of the stock traded hands, compared to its average volume of 1,494,557. The firm's 50-day moving average price is $285.03 and its two-hundred day moving average price is $283.29. SAP SE has a one year low of $217.51 and a one year high of $313.28. The company has a market cap of $317.16 billion, a PE ratio of 42.74, a PEG ratio of 3.74 and a beta of 1.29. 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 (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the business earned $1.10 earnings per share. The business's revenue was up 8.9% on a year-over-year basis. On average, research analysts forecast that SAP SE will post 6.55 EPS for the current year.

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.