Oppenheimer Asset Management Inc. Increases Stock Holdings in SAP SE $SAP

Key Points

• Oppenheimer Asset Management raised its SAP stake 15.2% in Q3, buying 7,066 shares to hold 53,410 shares valued at about $14.27 million.
• SAP beat expectations for the quarter with EPS of $1.90 vs. $1.77 expected and revenue of $11.36 billion vs. $9.77 billion expected, delivering a ~19.9% net margin and 3.3% revenue growth year‑over‑year.
• Analyst sentiment is broadly positive: MarketBeat shows a "Moderate Buy" consensus and an average price target of $305.75 (3 Strong Buy, 13 Buy, 5 Hold), with several recent upgrades.

Oppenheimer Asset Management Inc. raised its position in SAP SE (NYSE:SAP - Free Report) by 15.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,410 shares of the software maker's stock after purchasing an additional 7,066 shares during the period. Oppenheimer Asset Management Inc.'s holdings in SAP were worth $14,272,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. First PREMIER Bank bought a new position in shares of SAP in the third quarter worth approximately $25,000. Retirement Wealth Solutions LLC grew its stake in SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker's stock worth $26,000 after buying an additional 69 shares in the last quarter. Copia Wealth Management purchased a new position in SAP in the 3rd quarter worth approximately $28,000. Guerra Advisors Inc bought a new position in shares of SAP in the 3rd quarter worth $31,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of SAP during the 2nd quarter valued at $38,000.

Analysts Set New Price Targets

SAP has been the topic of a number of research reports. HSBC upgraded SAP to a "hold" rating in a research report on Tuesday, January 20th. Santander upgraded SAP to a "neutral" rating in a research report on Tuesday, February 3rd. BMO Capital Markets restated an "outperform" rating on shares of SAP in a research report on Friday, January 30th. JMP Securities reaffirmed a "market outperform" rating and issued a $375.00 target price on shares of SAP in a research note on Thursday, October 23rd. Finally, Zacks Research raised shares of SAP from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $305.75.

SAP Price Performance

Shares of SAP stock opened at $210.55 on Tuesday. The business has a 50 day moving average of $234.94 and a 200 day moving average of $255.47. SAP SE has a 52 week low of $189.22 and a 52 week high of $313.28. The company has a market cap of $258.66 billion, a PE ratio of 29.87, a P/E/G ratio of 2.24 and a beta of 1.17. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.52%. The company had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. SAP's revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company's name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP's product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.