Bleakley Financial Group LLC Boosts Stake in SAP SE (NYSE:SAP)

Bleakley Financial Group LLC boosted its position in SAP SE (NYSE:SAP) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,944 shares of the software maker’s stock after purchasing an additional 787 shares during the period. Bleakley Financial Group LLC’s holdings in SAP were worth $4,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SAP. Northwest Investment Counselors LLC purchased a new position in SAP in the 1st quarter worth about $25,000. Sunbelt Securities Inc. purchased a new position in shares of SAP during the first quarter worth approximately $29,000. Wetzel Investment Advisors Inc. bought a new stake in shares of SAP during the fourth quarter valued at approximately $31,000. Adirondack Trust Co. grew its stake in SAP by 121.1% in the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in SAP in the fourth quarter worth approximately $33,000.

SAP Stock Performance

Shares of SAP traded down $4.83 during trading hours on Wednesday, reaching $200.04. 790,529 shares of the company traded hands, compared to its average volume of 757,801. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day moving average price of $194.26 and a 200-day moving average price of $184.73. SAP SE has a 12-month low of $126.75 and a 12-month high of $206.34.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.06). SAP had a net margin of 15.76% and a return on equity of 9.79%. The firm had revenue of $8.73 billion for the quarter, compared to analysts’ expectations of $8.73 billion. On average, sell-side analysts predict that SAP SE will post 4.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAP has been the subject of several research reports. BMO Capital Markets upgraded SAP from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $218.00 to $237.00 in a report on Friday, June 28th. Barclays dropped their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Sanford C. Bernstein began coverage on shares of SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target for the company. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, KeyCorp began coverage on shares of SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average price target of $220.20.

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.