GQG Partners LLC Has $2.90 Million Stake in SAP SE (NYSE:SAP)

Key Points

• GQG Partners LLC significantly decreased its stake in SAP SE by 96.2% during the first quarter, selling 274,805 shares and holding only 10,819 shares by the end of the period.
• SAP reported a quarterly earnings per share (EPS) of $1.70, exceeding analyst estimates of $1.63, and achieved a revenue of $10.58 billion, up 8.9% year-over-year.
• Several brokerages have issued ratings on SAP, with a consensus rating of "Buy" and an average price target of $281.67.

GQG Partners LLC lessened its stake in SAP SE (NYSE:SAP - Free Report) by 96.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,819 shares of the software maker's stock after selling 274,805 shares during the quarter. GQG Partners LLC's holdings in SAP were worth $2,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAP. GAMMA Investing LLC grew its position in shares of SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after buying an additional 1,302,061 shares during the period. Northern Trust Corp grew its position in shares of SAP by 91.2% during the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after buying an additional 701,880 shares during the period. BNP Paribas Financial Markets grew its position in shares of SAP by 6,165.7% during the 4th quarter. BNP Paribas Financial Markets now owns 357,460 shares of the software maker's stock worth $88,010,000 after buying an additional 351,755 shares during the period. Barclays PLC grew its position 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 during the period. Finally, Main Street Research LLC acquired a new stake in shares of SAP during the 1st quarter worth approximately $32,151,000.

SAP Stock Down 0.4%

SAP traded down $1.19 during trading on Friday, reaching $277.72. The company had a trading volume of 1,292,621 shares, compared to its average volume of 1,766,306. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP SE has a 12 month low of $210.38 and a 12 month high of $313.28. The business's fifty day moving average price is $295.20 and its 200 day moving average price is $285.17. The company has a market cap of $341.18 billion, a P/E ratio of 45.98, a PEG ratio of 4.00 and a beta of 1.27.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The business had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Argus reiterated a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Piper Sandler started coverage on shares of SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. JMP Securities lifted their price objective on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 23rd. UBS Group raised shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Finally, Wells Fargo & Company started coverage on shares of SAP in a research note on Tuesday, May 20th. They set an "overweight" rating on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $281.67.

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.