BNP Paribas Financial Markets Buys 9,411 Shares of SAP SE $SAP

Key Points

• BNP Paribas Financial Markets has increased its stake in SAP SE by 2.6%, now owning 366,871 shares valued at approximately $98.5 million.
• Several institutions significantly boosted their investments in SAP during the first quarter, with Bartlett & CO. Wealth Management LLC increasing their holdings by 585.7%.
• SAP exceeded earnings expectations in its latest quarterly report, posting an EPS of $1.70 compared to the forecasted $1.63, with revenue growing 8.9% year-over-year.

BNP Paribas Financial Markets boosted its position in SAP SE (NYSE:SAP - Free Report) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 366,871 shares of the software maker's stock after purchasing an additional 9,411 shares during the period. BNP Paribas Financial Markets' holdings in SAP were worth $98,483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Earnest Partners LLC boosted its position in SAP by 8.3% in the first quarter. Earnest Partners LLC now owns 2,656 shares of the software maker's stock worth $713,000 after purchasing an additional 204 shares during the last quarter. Ieq Capital LLC boosted its position in SAP by 1.0% in the first quarter. Ieq Capital LLC now owns 10,308 shares of the software maker's stock worth $2,767,000 after purchasing an additional 105 shares during the last quarter. Synovus Financial Corp boosted its position in SAP by 43.1% in the first quarter. Synovus Financial Corp now owns 23,770 shares of the software maker's stock worth $6,381,000 after purchasing an additional 7,155 shares during the last quarter. ICONIQ Capital LLC raised its stake in shares of SAP by 17.9% in the first quarter. ICONIQ Capital LLC now owns 5,180 shares of the software maker's stock worth $1,391,000 after buying an additional 787 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in shares of SAP in the first quarter worth about $845,000.

SAP Price Performance

SAP traded up $3.99 on Wednesday, hitting $270.19. 871,702 shares of the company's stock traded hands, compared to its average volume of 1,358,415. The company's 50 day simple moving average is $289.52 and its 200-day simple moving average is $284.25. The firm has a market cap of $331.92 billion, a price-to-earnings ratio of 44.74, a P/E/G ratio of 3.91 and a beta of 1.29. SAP SE has a one year low of $210.38 and a one year high of $313.28. 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 (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 company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the company earned $1.10 EPS. The firm's quarterly revenue was up 8.9% on a year-over-year basis. As a group, research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of SAP in a research note on Tuesday, May 20th. They set an "overweight" rating on the stock. UBS Group upgraded shares of SAP to a "strong-buy" rating in a research note on Friday, May 30th. Piper Sandler assumed coverage on shares of SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. Erste Group Bank cut shares of SAP from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, JMP Securities raised their target price on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, SAP currently has a consensus rating of "Buy" and an average price target 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.