Harbour Capital Advisors LLC Acquires New Holdings in SAP SE $SAP

Key Points

• Harbour Capital Advisors LLC has acquired a new stake in SAP SE, purchasing 1,650 shares valued at approximately $492,000 during the second quarter.
• SAP SE recently reported earnings of $1.70 per share, exceeding estimates and showing a revenue increase of 8.9% year-over-year, amounting to $10.58 billion.
• Several analysts have upgraded their ratings for SAP, with Barclays setting a price target of $322.00 and JMP Securities raising it to $375.00, indicating a generally optimistic outlook for the company's stock.

Harbour Capital Advisors LLC acquired a new stake in shares of SAP SE (NYSE:SAP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,650 shares of the software maker's stock, valued at approximately $492,000.

Several other institutional investors have also added to or reduced their stakes in SAP. GAMMA Investing LLC boosted its holdings in SAP by 31,239.5% in the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after acquiring an additional 1,302,061 shares in the last quarter. Twin Tree Management LP raised its position in 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 acquiring an additional 280,896 shares in the last quarter. Main Street Research LLC purchased a new position in SAP during the first quarter valued at approximately $32,151,000. Deutsche Bank AG increased its position in shares of SAP by 2,105.3% in the first quarter. Deutsche Bank AG now owns 105,260 shares of the software maker's stock valued at $28,256,000 after buying an additional 100,487 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock valued at $354,048,000 after buying an additional 80,164 shares in the last quarter.

SAP Trading Down 1.0%

NYSE:SAP opened at $267.13 on Friday. The stock's 50 day moving average price is $279.53 and its 200 day moving average price is $282.45. SAP SE has a 52-week low of $217.51 and a 52-week high of $313.28. The company has a market capitalization of $328.17 billion, a PE ratio of 44.23, a P/E/G ratio of 3.87 and a beta of 1.29. 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 announced its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company's revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. On average, research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays reaffirmed an "overweight" rating and issued a $322.00 price target (up from $308.00) on shares of SAP in a research note on Friday, July 25th. JMP Securities boosted their price target on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research report on Wednesday, July 23rd. UBS Group raised SAP to a "strong-buy" rating in a research note on Friday, May 30th. BMO Capital Markets increased 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. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "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.

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