Nuveen LLC Purchases Shares of 18,280 SAP SE $SAP

Key Points

• Nuveen LLC has acquired a new stake in SAP SE, purchasing 18,280 shares valued at approximately $4.9 million during the first quarter.
• SAP reported a quarterly EPS of $1.70, exceeding analyst expectations, with revenue hitting $10.58 billion, which is significantly above consensus estimates.
• Investment analysts have shown positive sentiment, with JMP Securities raising their price target for SAP from $330 to $375 and maintaining a "market outperform" rating.

Nuveen LLC bought a new position in shares of SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 18,280 shares of the software maker's stock, valued at approximately $4,907,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC lifted its holdings in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after buying an additional 66 shares during the last quarter. Founders Capital Management increased its position in SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after buying an additional 75 shares during the last quarter. Highline Wealth Partners LLC boosted its holdings in shares of SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of SAP during the first quarter worth approximately $53,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company initiated coverage on SAP in a report on Tuesday, May 20th. They set an "overweight" rating for the company. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research note on Friday, May 2nd. JMP Securities boosted their price target on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research note on Wednesday, July 23rd. Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. Finally, BMO Capital Markets boosted their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. One investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $281.67.

SAP Price Performance

NYSE SAP traded down $3.38 on Friday, hitting $272.02. 1,207,991 shares of the company's stock were exchanged, compared to its average volume of 1,556,604. The stock has a 50-day moving average of $290.52 and a 200-day moving average of $284.61. 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 52 week low of $210.38 and a 52 week high of $313.28. The stock has a market cap of $334.18 billion, a price-to-earnings ratio of 45.04, a P/E/G ratio of 3.96 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The company 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 revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. Analysts expect 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.