SAP SE (NYSE:SAP) Holdings Raised by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its position in shares of SAP SE (NYSE:SAP) by 43.5% during the second quarter, Holdings Channel.com reports. The fund owned 6,741 shares of the software maker’s stock after acquiring an additional 2,045 shares during the quarter. Rafferty Asset Management LLC’s holdings in SAP were worth $947,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. StoneX Group Inc. purchased a new position in SAP during the 2nd quarter valued at about $1,104,000. Nicollet Investment Management Inc. increased its position in SAP by 5.4% in the 1st quarter. Nicollet Investment Management Inc. now owns 26,430 shares of the software maker’s stock worth $3,245,000 after buying an additional 1,350 shares during the period. Madison Asset Management LLC increased its position in SAP by 15.2% in the 1st quarter. Madison Asset Management LLC now owns 25,804 shares of the software maker’s stock worth $3,168,000 after buying an additional 3,401 shares during the period. Aigen Investment Management LP bought a new stake in shares of SAP during the first quarter valued at approximately $677,000. Finally, Kestra Advisory Services LLC increased its position in shares of SAP by 357.1% during the first quarter. Kestra Advisory Services LLC now owns 8,927 shares of the software maker’s stock valued at $1,096,000 after purchasing an additional 6,974 shares during the period. 4.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SAP stock opened at $141.83 on Wednesday. The company has a market capitalization of $174.24 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 1.07. SAP SE has a 52-week low of $104.64 and a 52-week high of $159.46. The business’s fifty day moving average is $145.91 and its 200 day moving average is $139.84.

SAP (NYSE:SAP) last announced its quarterly earnings data on Wednesday, July 21st. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.72. SAP had a return on equity of 19.90% and a net margin of 21.60%. The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same period last year, the firm earned $1.17 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that SAP SE will post 5.11 EPS for the current fiscal year.

A number of equities analysts have commented on SAP shares. CIBC boosted their price objective on SAP from $43.00 to $45.00 and gave the stock an “outperformer” rating in a research note on Friday, June 4th. Oddo Bhf lowered SAP from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 22nd. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Wednesday, July 14th. DZ Bank restated a “neutral” rating on shares of SAP in a report on Wednesday, June 16th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a report on Thursday, July 22nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, SAP currently has an average rating of “Hold” and an average target price of $123.70.

SAP Profile

SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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