Klingman & Associates LLC Makes New $369,000 Investment in SAP SE $SAP

Key Points

• Klingman & Associates LLC has made a new investment in SAP SE, purchasing 1,215 shares valued at approximately $369,000 during the 2nd quarter.
• SAP reported quarterly earnings of $1.70 EPS, exceeding the consensus estimate of $1.63, alongside a revenue of $10.58 billion for the quarter, which was significantly above analysts' expectations of $9.10 billion.
• Several institutional investors have recently increased their stakes in SAP, with notable increases including Bartlett & CO. Wealth Management's 585.7% increase in their position during the 1st quarter.

Klingman & Associates LLC purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,215 shares of the software maker's stock, valued at approximately $369,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC grew its position 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 purchasing an additional 82 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after acquiring an additional 66 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in shares of SAP during the 2nd quarter valued at about $31,000. Princeton Global Asset Management LLC acquired a new stake in shares of SAP during the 2nd quarter valued at about $38,000. Finally, Dagco Inc. acquired a new stake in shares of SAP during the 1st quarter valued at about $45,000.

SAP Trading Up 1.0%

SAP stock opened at $280.61 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28. The stock has a market cap of $344.73 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 4.13 and a beta of 1.28. The business's 50-day moving average is $269.65 and its 200 day moving average is $282.76.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SAP shares. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Tuesday, September 16th. Morgan Stanley restated an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Weiss Ratings restated a "buy (b)" rating on shares of SAP in a research report on Wednesday, October 8th. Erste Group Bank cut SAP from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, JMP Securities lifted their price objective 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 Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price 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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