Vident Advisory LLC Has $4.08 Million Position in SAP SE $SAP

Key Points

• Vident Advisory LLC increased its holdings in SAP SE by 27.4%, acquiring an additional 3,267 shares, bringing its total ownership to 15,184 shares worth approximately $4.08 million.
• Several institutional investors have made significant increases in their positions in SAP during the first quarter, with Bartlett & CO. Wealth Management reporting a 585.7% increase.
• SAP reported a quarterly EPS of $1.70, exceeding expectations and marking an 8.9% revenue increase compared to the same quarter last year, with a total revenue of $10.58 billion.

Vident Advisory LLC boosted its stake in SAP SE (NYSE:SAP - Free Report) by 27.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,184 shares of the software maker's stock after purchasing an additional 3,267 shares during the quarter. Vident Advisory LLC's holdings in SAP were worth $4,076,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC lifted its position in shares of SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after purchasing an additional 66 shares during the period. Founders Capital Management raised its holdings in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after purchasing an additional 75 shares during the period. Highline Wealth Partners LLC raised its holdings in shares of SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after purchasing an additional 77 shares during the period. Finally, Dagco Inc. acquired a new stake in shares of SAP during the first quarter worth $45,000.

SAP Price Performance

Shares of NYSE:SAP traded up $4.54 during trading hours on Wednesday, hitting $270.74. 1,063,145 shares of the company's stock traded hands, compared to its average volume of 1,359,786. SAP SE has a 52 week low of $210.38 and a 52 week high of $313.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The company's fifty day simple moving average is $289.52 and its two-hundred day simple moving average is $284.25. The company has a market cap of $332.60 billion, a price-to-earnings ratio of 44.82, a price-to-earnings-growth ratio of 3.91 and a beta of 1.29.

SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the company posted $1.10 earnings per share. The business's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SAP. Wells Fargo & Company began coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a research report on Sunday. Morgan Stanley restated an "overweight" rating on shares of SAP in a research report on Tuesday, August 5th. Erste Group Bank lowered shares of SAP from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, JMP Securities upped their price target on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $281.67.

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.