Johnson Financial Group LLC Takes $281,000 Position in SAP SE (NYSE:SAP)

Key Points

• Johnson Financial Group LLC purchased a new position in SAP SE, acquiring 1,045 shares valued at approximately $281,000.
• Several institutional investors have recently increased their stakes in SAP, with Deutsche Bank AG raising its holdings by 2,105.3%, now owning over 105,260 shares worth approximately $28.26 million.
• Analysts are generally bullish on SAP, with a consensus target price of $281.67 and the company holding an average rating of "Buy" among analysts.

Johnson Financial Group LLC acquired a new position in shares of SAP SE (NYSE:SAP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,045 shares of the software maker's stock, valued at approximately $281,000.

A number of other large investors have also recently made changes to their positions in SAP. Bartlett & CO. Wealth Management LLC lifted its holdings in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after buying an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after buying an additional 66 shares during the last quarter. Founders Capital Management raised its stake in SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after acquiring an additional 75 shares in the last quarter. Highline Wealth Partners LLC lifted its position in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after acquiring an additional 77 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in SAP in the first quarter valued at $53,000.

Wall Street Analyst Weigh In

SAP has been the subject of a number of research reports. BMO Capital Markets boosted their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Wells Fargo & Company started coverage on shares of SAP in a research note on Tuesday, May 20th. They set an "overweight" rating for the company. Piper Sandler started coverage on SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Finally, JMP Securities increased their price target on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SAP currently has an average rating of "Buy" and an average target price of $281.67.

SAP Price Performance

SAP stock traded down $11.16 during trading on Tuesday, reaching $276.08. 5,248,798 shares of the company were exchanged, compared to its average volume of 1,358,854. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The stock's 50 day moving average price is $297.66 and its 200 day moving average price is $285.17. SAP SE has a 52-week low of $208.24 and a 52-week high of $313.28. The company has a market cap of $339.16 billion, a P/E ratio of 45.71, a PEG ratio of 4.20 and a beta of 1.27.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping the consensus estimate 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 return on equity of 14.84% and a net margin of 18.26%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. As a group, analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal 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.