Hoxton Planning & Management LLC Makes New Investment in SAP SE (NYSE:SAP)

Key Points

• Hoxton Planning & Management LLC invested $319,000 in SAP SE, acquiring 1,190 shares of the software company during the first quarter.
• Several other institutional investors increased their stakes in SAP SE, with Bartlett & CO. Wealth Management raising theirs by 585.7% in the same quarter.
• SAP reported earnings of $1.70 per share, surpassing analyst expectations, with revenue of $10.58 billion, an increase of 8.9% year-over-year.

Hoxton Planning & Management LLC bought a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,190 shares of the software maker's stock, valued at approximately $319,000.

Several other large investors also recently bought and sold shares of SAP. TD Asset Management Inc boosted its holdings in shares of SAP by 3.8% in the 1st quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock valued at $446,364,000 after acquiring an additional 60,261 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of SAP by 91.2% in the 4th 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 last quarter. Bank of America Corp DE boosted its holdings in 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 worth $323,720,000 after buying an additional 70,613 shares in the last quarter. GAMMA Investing LLC boosted its holdings in SAP by 31,239.5% during the first 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 in the last quarter. Finally, WCM Investment Management LLC boosted its holdings in SAP by 5.5% during the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock worth $329,395,000 after buying an additional 63,538 shares in the last quarter.

SAP Price Performance

Shares of NYSE SAP traded down $3.75 during mid-day trading on Friday, reaching $282.95. The company's stock had a trading volume of 1,578,515 shares, compared to its average volume of 1,409,978. The stock has a 50-day moving average of $298.92 and a two-hundred day moving average of $284.20. The stock has a market capitalization of $347.60 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.07 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.03. SAP SE has a 1-year low of $194.93 and a 1-year high of $313.28.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the firm posted $1.10 earnings per share. SAP's quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. JMP Securities increased their price target on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. BMO Capital Markets upped their price objective on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Wells Fargo & Company assumed coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. Finally, Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, SAP currently has a consensus rating of "Buy" and an average price target 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.