SAP SE $SAP Stock Position Lifted by Night Owl Capital Management LLC

Key Points

• Night Owl Capital Management LLC increased its stake in SAP SE by 3.6%, now holding 235,848 shares worth $63.31 million, making it the firm's largest investment.
• SAP SE recently reported earnings of $1.70 per share, exceeding estimates, and showed an 8.9% year-over-year revenue growth of $10.58 billion.
• Wall Street analysts maintain a predominantly positive outlook on SAP, with a consensus rating of "Buy" and a price target averaging $281.67.

Night Owl Capital Management LLC boosted its holdings in SAP SE (NYSE:SAP - Free Report) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 235,848 shares of the software maker's stock after acquiring an additional 8,178 shares during the period. SAP accounts for 7.9% of Night Owl Capital Management LLC's holdings, making the stock its biggest position. Night Owl Capital Management LLC's holdings in SAP were worth $63,311,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SAP. GAMMA Investing LLC increased its position in SAP by 31,239.5% during the 1st 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 during the period. Twin Tree Management LP increased its position in SAP by 122.5% during the 1st quarter. Twin Tree Management LP now owns 51,632 shares of the software maker's stock worth $13,860,000 after buying an additional 280,896 shares during the period. Main Street Research LLC bought a new position in SAP during the 1st quarter worth $32,151,000. Deutsche Bank AG increased its position in SAP by 2,105.3% during the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker's stock worth $28,256,000 after buying an additional 100,487 shares during the period. Finally, Junto Capital Management LP bought a new position in SAP during the 4th quarter worth $21,552,000.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SAP shares. Wells Fargo & Company started coverage on SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock. Erste Group Bank lowered SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. BMO Capital Markets increased their target price on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. JMP Securities increased their target price on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley reissued an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, SAP presently has an average rating of "Buy" and an average price target of $281.67.

SAP Trading Down 3.5%

Shares of SAP stock traded down $9.54 during mid-day trading on Wednesday, reaching $261.94. 1,970,441 shares of the stock traded hands, compared to its average volume of 1,376,523. The stock's fifty day simple moving average is $286.67 and its two-hundred day simple moving average is $283.63. SAP SE has a 1-year low of $212.11 and a 1-year high of $313.28. The company has a market cap of $321.80 billion, a price-to-earnings ratio of 43.29, a price-to-earnings-growth ratio of 3.88 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 quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the firm posted $1.10 earnings per share. The business's revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

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.