Northern Trust Corp Buys 40,926 Shares of SAP SE $SAP

Key Points

• Northern Trust Corp increased its position in SAP SE by 2.8% in Q1, owning 1,512,724 shares valued at approximately $406.08 million.
• Several hedge funds significantly increased their stakes in SAP, with GAMMA Investing LLC raising its holdings by 31,239.5% in the same quarter.
• SAP reported quarterly earnings of $1.70 per share, surpassing estimates and achieving an 8.9% year-over-year revenue increase.

Northern Trust Corp lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,512,724 shares of the software maker's stock after purchasing an additional 40,926 shares during the quarter. Northern Trust Corp owned about 0.12% of SAP worth $406,076,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. TD Asset Management Inc grew its position in SAP by 3.8% during the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock worth $446,364,000 after buying an additional 60,261 shares during the period. Bank of America Corp DE raised its position 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 acquiring an additional 70,613 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 in the last quarter. WCM Investment Management LLC grew its position 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 last quarter. Finally, Royal Bank of Canada increased its stake in shares of SAP by 4.9% during the 4th quarter. Royal Bank of Canada now owns 758,241 shares of the software maker's stock worth $186,688,000 after purchasing an additional 35,721 shares in the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a report on Friday, May 2nd. UBS Group upgraded SAP to a "strong-buy" rating in a research report on Friday, May 30th. JMP Securities upped their target price on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. BMO Capital Markets lifted their price target on shares of SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, Morgan Stanley reissued an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, SAP has an average rating of "Buy" and a consensus target price of $281.67.

SAP Trading Up 0.7%

Shares of SAP traded up $1.7540 during mid-day trading on Friday, reaching $270.9640. The company had a trading volume of 1,450,717 shares, compared to its average volume of 1,596,464. SAP SE has a fifty-two week low of $210.38 and a fifty-two week high of $313.28. The firm has a fifty day simple moving average of $292.38 and a 200-day simple moving average of $284.99. The stock has a market cap of $332.88 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 3.90 and a beta of 1.27. 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 (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The firm had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. On average, sell-side 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.