SAP SE $SAP Holdings Raised by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its stake in SAP SE by 235.5% during the second quarter, owning a total of 23,103 shares valued at approximately $7,026,000.
• Wall Street analysts show a generally positive outlook on SAP, with most ratings being Buy or Overweight, while the stock has an average target price of $281.67.
• SAP reported a quarterly revenue increase of 8.9% year-over-year, achieving $10.58 billion in revenue and an EPS of $1.70, surpassing estimates.

Callan Family Office LLC grew its stake in shares of SAP SE (NYSE:SAP - Free Report) by 235.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,103 shares of the software maker's stock after purchasing an additional 16,216 shares during the period. Callan Family Office LLC's holdings in SAP were worth $7,026,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. TD Asset Management Inc raised its position in SAP by 3.8% during the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock valued at $446,364,000 after buying an additional 60,261 shares during the period. Northern Trust Corp increased its holdings in shares of SAP by 2.8% during the 1st quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker's stock valued at $406,076,000 after acquiring an additional 40,926 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of SAP by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock valued at $354,048,000 after acquiring an additional 80,164 shares during the last quarter. WCM Investment Management LLC boosted its stake in SAP by 5.5% during the 1st quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock valued at $329,395,000 after purchasing an additional 63,538 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in SAP by 2.6% during the 1st quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker's stock valued at $98,483,000 after purchasing an additional 9,411 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SAP shares. Weiss Ratings restated a "buy (b)" rating on shares of SAP in a research note on Wednesday. Piper Sandler began coverage on SAP in a report on Tuesday, June 17th. They issued an "overweight" rating for the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a report on Tuesday, September 16th. Wall Street Zen cut SAP from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Finally, Erste Group Bank cut SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $281.67.

SAP Stock Performance

Shares of SAP stock opened at $275.76 on Friday. The firm has a market cap of $338.77 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 3.99 and a beta of 1.28. The stock's 50-day moving average is $271.98 and its 200-day moving average is $282.39. SAP SE has a one year low of $223.70 and a one year high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

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

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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