SAP SE $SAP Stock Holdings Increased by Yousif Capital Management LLC

Yousif Capital Management LLC increased its holdings in SAP SE (NYSE:SAP - Free Report) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,453 shares of the software maker's stock after purchasing an additional 1,054 shares during the quarter. Yousif Capital Management LLC's holdings in SAP were worth $4,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Asset Management Inc increased its position in shares of SAP by 3.8% in the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock worth $446,364,000 after acquiring an additional 60,261 shares in the last quarter. Northern Trust Corp increased its position in shares of SAP by 2.8% in the first quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker's stock worth $406,076,000 after acquiring an additional 40,926 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock worth $354,048,000 after acquiring an additional 80,164 shares in the last quarter. WCM Investment Management LLC increased its position in shares of SAP by 5.5% in the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock worth $329,395,000 after acquiring an additional 63,538 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of SAP by 2.6% in the first quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker's stock worth $98,483,000 after acquiring an additional 9,411 shares in the last quarter.

SAP Price Performance

NYSE SAP opened at $270.54 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $332.36 billion, a PE ratio of 44.79, a price-to-earnings-growth ratio of 4.01 and a beta of 1.28. The company has a 50 day moving average price of $271.05 and a two-hundred day moving average price of $282.42. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data 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 net margin of 18.26% and a return on equity of 14.84%. The business had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the company earned $1.10 earnings per share. SAP's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Piper Sandler assumed coverage on shares of SAP in a report on Tuesday, June 17th. They set an "overweight" rating for the company. Morgan Stanley restated an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Barclays restated an "overweight" rating and set a $322.00 price target (up from $308.00) on shares of SAP in a report on Friday, July 25th. Finally, JMP Securities raised their price target on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "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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