R Squared Ltd Takes $435,000 Position in SAP SE $SAP

R Squared Ltd acquired a new position in SAP SE (NYSE:SAP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,431 shares of the software maker’s stock, valued at approximately $435,000.

Several other institutional investors have also bought and sold shares of SAP. Brighton Jones LLC lifted its holdings in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares during the period. GAMMA Investing LLC lifted its holdings in SAP by 16.7% in the first quarter. GAMMA Investing LLC now owns 4,866 shares of the software maker’s stock worth $1,306,000 after purchasing an additional 698 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in SAP by 58.8% in the first quarter. Oppenheimer & Co. Inc. now owns 1,517 shares of the software maker’s stock worth $407,000 after purchasing an additional 562 shares during the period. International Assets Investment Management LLC acquired a new stake in SAP in the first quarter worth about $214,000. Finally, Bessemer Group Inc. lifted its holdings in SAP by 8.3% in the first quarter. Bessemer Group Inc. now owns 15,128 shares of the software maker’s stock worth $4,061,000 after purchasing an additional 1,165 shares during the period.

SAP Price Performance

NYSE SAP opened at $269.11 on Friday. The stock’s 50-day moving average price is $269.42 and its two-hundred day moving average price is $283.19. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market cap of $330.61 billion, a PE ratio of 40.29, a PEG ratio of 4.12 and a beta of 1.28. SAP SE has a 1 year low of $227.52 and a 1 year high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 15.87% and a net margin of 19.50%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 EPS. On average, analysts predict that SAP SE will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SAP shares. BMO Capital Markets reduced their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday. Barclays boosted their price target on shares of SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a research report on Friday. JMP Securities reiterated a “market outperform” rating and issued a $375.00 price target on shares of SAP in a research report on Thursday. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Finally, Argus reiterated a “buy” rating and issued a $320.00 price target on shares of SAP in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, SAP presently has a consensus rating of “Buy” and an average target price of $284.33.

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.