Quadrature Capital Ltd Buys Shares of 106,096 SAP SE $SAP

Key Points

• Quadrature Capital opened a new position in SAP, buying 106,096 shares in the third quarter valued at about $28.36 million.
• SAP beat quarterly estimates, reporting $1.90 EPS vs. $1.77 expected and revenue of $11.36 billion (vs. $9.77 billion est.), with revenue up 3.3% year-over-year and a net margin near 20%.
• Analyst view: MarketBeat shows a consensus "Moderate Buy" rating and an average target of $305.75, while the stock trades near $190 (one-year low ~$187.93), indicating a large gap to analysts' targets.

Quadrature Capital Ltd bought a new position in SAP SE (NYSE:SAP - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 106,096 shares of the software maker's stock, valued at approximately $28,363,000.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock worth $648,000 after buying an additional 1,255 shares during the period. Baird Financial Group Inc. bought a new position in SAP in the 1st quarter worth approximately $242,000. AQR Capital Management LLC increased its position in SAP by 49.0% in the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker's stock valued at $4,378,000 after acquiring an additional 5,363 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in SAP during the 1st quarter valued at $2,681,000. Finally, Sivia Capital Partners LLC raised its stake in SAP by 2.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker's stock valued at $928,000 after acquiring an additional 69 shares in the last quarter.

SAP Stock Down 0.4%

Shares of SAP stock opened at $190.46 on Friday. SAP SE has a 1 year low of $187.93 and a 1 year high of $313.28. The stock has a market cap of $233.98 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.12 and a beta of 1.18. The business's fifty day moving average is $214.49 and its 200-day moving average is $242.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the firm posted $1.40 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. Equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SAP shares. Citigroup cut SAP from a "buy" rating to a "hold" rating in a research note on Friday, January 30th. BMO Capital Markets restated an "outperform" rating on shares of SAP in a research note on Friday, January 30th. Arete Research raised shares of SAP to a "strong-buy" rating in a report on Thursday, December 11th. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Finally, Santander raised shares of SAP to a "neutral" rating in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $305.75.

SAP Company 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.

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