Campbell & CO Investment Adviser LLC Acquires New Stake in SAP SE $SAP

Campbell & CO Investment Adviser LLC bought a new position in SAP SE (NYSE:SAP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,493 shares of the software maker’s stock, valued at approximately $2,887,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Central Pacific Bank Trust Division purchased a new position in SAP during the second quarter valued at $920,000. Modern Wealth Management LLC grew its position in shares of SAP by 292.2% during the first quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker’s stock valued at $1,252,000 after purchasing an additional 3,474 shares in the last quarter. Ascent Group LLC increased its holdings in shares of SAP by 196.3% in the first quarter. Ascent Group LLC now owns 4,175 shares of the software maker’s stock worth $1,121,000 after purchasing an additional 2,766 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 buying an additional 80,164 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC bought a new position in SAP during the first quarter valued at approximately $13,869,000.

Analysts Set New Price Targets

SAP has been the topic of a number of research reports. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley restated an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Finally, Cowen restated a “buy” rating on shares of SAP in a research report on Thursday, October 23rd. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $284.33.

SAP Price Performance

SAP stock opened at $251.93 on Monday. The stock has a market cap of $309.50 billion, a PE ratio of 37.71, a P/E/G ratio of 3.83 and a beta of 1.18. SAP SE has a 12 month low of $227.52 and a 12 month high of $313.28. The company has a 50-day moving average price of $267.14 and a 200 day moving average price of $284.00. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last announced 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. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

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.