Aptus Capital Advisors LLC Raises Position in SAP SE $SAP

Key Points

• Aptus Capital Advisors LLC increased its stake in SAP SE by 16.9%, owning 10,261 shares worth approximately $2,754,000 at the end of the recent quarter.
• SAP reported earnings of $1.70 per share, exceeding analyst expectations and showing an 8.9% year-over-year increase in revenue to $10.58 billion.
• The consensus rating for SAP is a "Buy" with a target price of $281.67, indicating positive outlook among analysts despite a recent downgrade from Erste Group Bank.

Aptus Capital Advisors LLC increased its stake in SAP SE (NYSE:SAP - Free Report) by 16.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,261 shares of the software maker's stock after acquiring an additional 1,484 shares during the quarter. Aptus Capital Advisors LLC's holdings in SAP were worth $2,754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. TD Asset Management Inc increased its position in SAP by 3.8% in the 1st 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 in the last quarter. Northern Trust Corp increased its holdings in shares of SAP by 2.8% during the first 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 in the last quarter. Bank of America Corp DE raised its position in shares of SAP by 5.7% during the fourth quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock worth $323,720,000 after purchasing an additional 70,613 shares during the period. GAMMA Investing LLC lifted its holdings in shares of SAP by 31,239.5% in the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after purchasing an additional 1,302,061 shares in the last quarter. Finally, WCM Investment Management LLC grew its position in SAP by 5.5% in 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.

SAP Stock Performance

Shares of SAP stock traded up $1.7540 on Friday, hitting $270.9640. 1,450,717 shares of the stock were exchanged, compared to its average volume of 1,596,464. The firm's 50 day moving average is $292.38 and its two-hundred day moving average is $284.99. SAP SE has a one year low of $210.38 and a one year high of $313.28. The firm has a market capitalization of $332.88 billion, a PE ratio of 44.86, a P/E/G ratio of 3.90 and a beta of 1.27. 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 (NYSE:SAP - Get Free Report) last issued 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. The firm had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. Sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SAP has been the topic of several research reports. Wells Fargo & Company initiated coverage on shares of SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock. Argus restated a "buy" rating and issued a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a research note on Saturday. Piper Sandler started coverage on shares of SAP in a report on Tuesday, June 17th. They set an "overweight" rating on the stock. Finally, Morgan Stanley reissued an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, SAP has an average rating of "Buy" and a consensus 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.