Kodai Capital Management LP Raises Position in SAP SE $SAP

Key Points

• Kodai Capital Management LP has increased its stake in SAP SE by 13.3%, now owning 49,252 shares valued at approximately $13.2 million.
• SAP has received multiple upgrades from analysts, including a "strong-buy" rating from UBS Group and a target price increase from Barclays, signaling strong market confidence.
• The company's recent quarterly results exceeded expectations, with an EPS of $1.70 and revenue of $10.58 billion, marking an 8.9% increase compared to the same period last year.

Kodai Capital Management LP grew its position in SAP SE (NYSE:SAP - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,252 shares of the software maker's stock after acquiring an additional 5,765 shares during the period. Kodai Capital Management LP's holdings in SAP were worth $13,221,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TD Asset Management Inc boosted its holdings in shares of SAP by 3.8% in the first 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 in the last quarter. Northern Trust Corp lifted its stake in shares of SAP by 2.8% in the first quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker's stock valued at $406,076,000 after purchasing an additional 40,926 shares during the period. Bank of America Corp DE lifted its stake in shares of SAP by 5.7% in the fourth quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after purchasing an additional 70,613 shares during the period. GAMMA Investing LLC lifted its stake in shares of SAP by 31,239.5% in the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after purchasing an additional 1,302,061 shares during the period. Finally, WCM Investment Management LLC lifted its stake in shares of SAP by 5.5% in the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock valued at $329,395,000 after purchasing an additional 63,538 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SAP. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Wall Street Zen upgraded shares of SAP from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Barclays restated an "overweight" rating and set a $322.00 target price (up from $308.00) on shares of SAP in a report on Friday, July 25th. Piper Sandler initiated coverage on shares of SAP in a report on Tuesday, June 17th. They set an "overweight" rating for the company. Finally, Wells Fargo & Company initiated coverage on shares of SAP in a report on Tuesday, May 20th. They set an "overweight" rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $281.67.

SAP Stock Performance

Shares of NYSE SAP opened at $275.43 on Friday. The company has a market cap of $338.36 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 3.96 and a beta of 1.27. SAP SE has a 12 month low of $210.38 and a 12 month high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50-day simple moving average of $290.84 and a 200-day simple moving average of $284.73.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. On average, equities analysts anticipate that SAP SE will post 6.55 earnings per share for the current 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.

Want to see what other hedge funds are holding SAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAP SE (NYSE:SAP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.