Quantitative Investment Management LLC Acquires New Stake in SAP SE $SAP

Key Points

• Quantitative Investment Management LLC invested $845,000 in SAP SE, acquiring 3,149 shares during the 1st quarter.
• Several institutional investors, including TD Asset Management Inc and Northern Trust Corp, have also increased their holdings in SAP, highlighting growing interest in the company.
• Analysts maintain a generally positive outlook for SAP, with an average rating of "Buy" and a target price of $281.67.

Quantitative Investment Management LLC purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,149 shares of the software maker's stock, valued at approximately $845,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its position in shares of SAP by 585.7% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after acquiring an additional 82 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after acquiring an additional 66 shares during the period. Founders Capital Management boosted its position in shares of SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after acquiring an additional 75 shares during the period. Highline Wealth Partners LLC boosted its position in shares of SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after acquiring an additional 77 shares during the period. Finally, Dagco Inc. bought a new position in shares of SAP in the first quarter valued at approximately $45,000.

SAP Trading Up 0.1%

SAP stock traded up $0.32 during midday trading on Thursday, hitting $275.43. The company had a trading volume of 731,000 shares, compared to its average volume of 1,361,090. 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's 50 day moving average price is $291.13 and its 200 day moving average price is $284.76. The stock has a market cap of $338.36 billion, a price-to-earnings 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The business's revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SAP shares. Barclays reiterated an "overweight" rating and set a $322.00 price target (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Wells Fargo & Company started coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. BMO Capital Markets lifted their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Finally, Piper Sandler began coverage on SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, SAP currently has an average rating of "Buy" and an average price target 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.