Russell Investments Group Ltd. Purchases 2,358 Shares of SAP SE (NYSE:SAP)

Key Points

• Russell Investments Group Ltd. increased its stake in SAP SE by 2.2%, owning a total of 110,093 shares valued at approximately $29.55 million.
• SAP reported earnings of $1.70 per share for the latest quarter, exceeding expectations and showing a revenue increase of 8.9% year-over-year.
• Analysts have mixed views on SAP, with a consensus rating of "Moderate Buy" and a price target average of $281.67.

Russell Investments Group Ltd. grew its position in shares of SAP SE (NYSE:SAP - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,093 shares of the software maker's stock after purchasing an additional 2,358 shares during the period. Russell Investments Group Ltd.'s holdings in SAP were worth $29,553,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of 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 buying an additional 1,255 shares during the period. Alliancebernstein L.P. increased its holdings in shares of SAP by 15.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker's stock worth $313,000 after buying an additional 172 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of SAP by 9.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 22,491 shares of the software maker's stock worth $5,520,000 after buying an additional 1,971 shares during the period. Barclays PLC increased its holdings 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 buying an additional 230,171 shares during the period. Finally, United Capital Financial Advisors LLC increased its holdings in shares of SAP by 4.9% in the fourth quarter. United Capital Financial Advisors LLC now owns 14,176 shares of the software maker's stock worth $3,490,000 after buying an additional 657 shares during the period.

SAP Stock Down 0.4%

SAP stock opened at $277.72 on Friday. SAP SE has a fifty-two week low of $210.38 and a fifty-two week high of $313.28. The business's 50 day moving average price is $295.20 and its two-hundred day moving average price is $285.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $341.18 billion, a price-to-earnings ratio of 45.98, a price-to-earnings-growth ratio of 4.01 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 for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $9.10 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The business's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAP has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on SAP in a report on Tuesday, May 20th. They issued an "overweight" rating on the stock. JMP Securities lifted their price objective on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. BMO Capital Markets boosted their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Wall Street Zen downgraded SAP from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley restated an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $281.67.

About SAP

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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