Vestmark Advisory Solutions Inc. Increases Holdings in SAP SE $SAP

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in SAP SE by 58.9%, acquiring 10,213 additional shares to hold a total of 27,556 shares valued at approximately $7.4 million.
• SAP reported strong earnings, with $1.70 earnings per share for the last quarter, exceeding analyst expectations, alongside a revenue of $10.58 billion, up 8.9% year-over-year.
• Analysts maintain a positive outlook on SAP, with the stock receiving an average rating of "Moderate Buy" and a consensus price target of $281.67.

Vestmark Advisory Solutions Inc. lifted its stake in SAP SE (NYSE:SAP - Free Report) by 58.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,556 shares of the software maker's stock after purchasing an additional 10,213 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in SAP were worth $7,397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in SAP by 31,239.5% in the first quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock valued at $350,644,000 after buying an additional 1,302,061 shares in the last quarter. Northern Trust Corp raised its stake in SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after buying an additional 701,880 shares in the last quarter. BNP Paribas Financial Markets raised its stake in SAP by 6,165.7% in the fourth quarter. BNP Paribas Financial Markets now owns 357,460 shares of the software maker's stock valued at $88,010,000 after buying an additional 351,755 shares in the last quarter. Barclays PLC raised its stake in SAP by 101.5% in the fourth quarter. Barclays PLC now owns 3,356 shares of the software maker's stock valued at $826,000 after buying an additional 230,171 shares in the last quarter. Finally, Main Street Research LLC acquired a new stake in SAP in the first quarter valued at $32,151,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group upgraded SAP to a "strong-buy" rating in a research note on Friday, May 30th. Morgan Stanley reiterated an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Piper Sandler began coverage on SAP in a research report on Tuesday, June 17th. They set an "overweight" rating on the stock. Finally, Barclays reiterated an "overweight" rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, SAP currently has a consensus rating of "Buy" and a consensus target price of $281.67.

SAP Stock Performance

SAP traded down $2.3790 during trading on Tuesday, reaching $274.3410. The company's stock had a trading volume of 1,114,413 shares, compared to its average volume of 1,358,191. SAP SE has a 52-week low of $210.38 and a 52-week high of $313.28. The company's fifty day moving average price is $294.62 and its 200-day moving average price is $285.21. The company has a market capitalization of $337.03 billion, a price-to-earnings ratio of 45.42, a price-to-earnings-growth ratio of 4.00 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating 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 company had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP 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.