Prime Capital Investment Advisors LLC Increases Stake in SAP SE $SAP

Key Points

• Prime Capital Investment Advisors LLC increased its stake in SAP SE by 119.1% during the second quarter, now owning 7,549 shares valued at approximately $2.3 million.
• SAP's recent quarterly earnings showed $1.70 earnings per share, exceeding estimates, with a revenue of $10.58 billion, up 8.9% year-over-year.
• Analysts have mixed ratings on SAP's stock, with price targets ranging from $281.67 to $375.00, reflecting varying outlooks on its market performance.

Prime Capital Investment Advisors LLC lifted its stake in shares of SAP SE (NYSE:SAP - Free Report) by 119.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,549 shares of the software maker's stock after buying an additional 4,103 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in SAP were worth $2,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock worth $648,000 after purchasing an additional 1,255 shares during the period. Rhumbline Advisers grew its holdings in SAP by 5.3% in the first quarter. Rhumbline Advisers now owns 24,087 shares of the software maker's stock worth $6,466,000 after purchasing an additional 1,216 shares during the period. Gateway Investment Advisers LLC grew its holdings in SAP by 5.3% in the first quarter. Gateway Investment Advisers LLC now owns 1,331 shares of the software maker's stock worth $357,000 after purchasing an additional 67 shares during the period. Wedmont Private Capital grew its holdings in SAP by 6.8% in the first quarter. Wedmont Private Capital now owns 2,058 shares of the software maker's stock worth $533,000 after purchasing an additional 131 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new stake in SAP in the first quarter worth about $215,000.

SAP Stock Down 0.1%

Shares of SAP stock opened at $274.06 on Wednesday. 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 SE has a twelve month low of $223.26 and a twelve month high of $313.28. The company has a market cap of $336.68 billion, a price-to-earnings ratio of 45.37, a price-to-earnings-growth ratio of 3.94 and a beta of 1.28. The company's 50 day moving average is $272.46 and its 200 day moving average is $282.43.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The business had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the firm earned $1.10 earnings per share. The company's quarterly revenue was up 8.9% on a year-over-year basis. Research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. JMP Securities upped their price objective on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. Piper Sandler assumed coverage on shares of SAP in a report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Weiss Ratings restated a "buy (b)" rating on shares of SAP in a report on Saturday, September 27th. Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Finally, Oddo Bhf upgraded shares of SAP from a "neutral" rating to an "outperform" rating in a report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, SAP presently has an average rating of "Buy" and an average target price of $281.67.

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.

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