Quantbot Technologies LP Makes New Investment in SAP SE $SAP

Key Points

• Quantbot Technologies LP has invested approximately $711,000 in SAP SE, acquiring 2,647 shares during the first quarter.
• Major institutional investors have recently increased their holdings in SAP, with TD Asset Management and Northern Trust Corp both raising their positions by 3.8% and 2.8% respectively.
• SAP reported strong quarterly earnings, with an EPS of $1.70, exceeding analysts' expectations and marking an 8.9% year-over-year revenue increase.

Quantbot Technologies LP bought a new position in SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,647 shares of the software maker's stock, valued at approximately $711,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SAP. Brighton Jones LLC increased its holdings in shares of SAP by 91.1% during the 4th 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. Barclays PLC raised its stake in shares of SAP by 101.5% in the fourth quarter. Barclays PLC now owns 3,356 shares of the software maker's stock worth $826,000 after acquiring an additional 230,171 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SAP by 13.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 57,264 shares of the software maker's stock worth $14,099,000 after acquiring an additional 6,704 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of SAP by 64.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 3,693 shares of the software maker's stock worth $909,000 after buying an additional 1,454 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of SAP by 49.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,463 shares of the software maker's stock worth $1,345,000 after buying an additional 1,817 shares during the last quarter.

SAP Trading Up 0.1%

NYSE:SAP traded up $0.32 during mid-day trading on Thursday, hitting $275.43. 731,000 shares of the company's stock were exchanged, compared to its average volume of 1,361,090. The company has a 50 day simple moving average of $291.13 and a 200-day simple moving average of $284.76. 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 fifty-two week low of $210.38 and a fifty-two week high of $313.28. The firm has a market capitalization of $338.36 billion, a P/E ratio of 45.60, a PEG ratio of 3.88 and a beta of 1.27.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS 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 company earned $1.10 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. As a group, research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. UBS Group upgraded shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. Piper Sandler began coverage on shares of SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating for the company. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $281.67.

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.