Genus Capital Management Inc. Purchases New Holdings in SAP SE (NYSE:SAP)

Genus Capital Management Inc. purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,433 shares of the software maker's stock, valued at approximately $1,190,000.

Several other large investors have also made changes to their positions in the company. TD Asset Management Inc. lifted its stake in shares of SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after acquiring an additional 890,157 shares during the period. Northern Trust Corp lifted its stake in shares of SAP by 91.2% during the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after acquiring an additional 701,880 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after acquiring an additional 798,037 shares during the period. Bank of America Corp DE lifted its stake in shares of SAP by 5.7% during the fourth quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after acquiring an additional 70,613 shares during the period. Finally, GAMMA Investing LLC lifted 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.

SAP Trading Down 1.7%

Shares of SAP stock traded down $5.22 during trading hours on Friday, hitting $300.99. The company's stock had a trading volume of 1,105,063 shares, compared to its average volume of 1,093,398. SAP SE has a 12 month low of $194.93 and a 12 month high of $313.28. The stock has a 50 day moving average of $299.07 and a 200 day moving average of $279.28. The company has a market capitalization of $369.77 billion, a PE ratio of 57.66, a price-to-earnings-growth ratio of 4.33 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. Analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on SAP. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Barclays reiterated an "overweight" rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. JMP Securities reiterated a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. Finally, BMO Capital Markets upped their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $271.83.

About SAP

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.