SAP SE (NYSE:SAP) Shares Bought by Capital Investment Counsel Inc

Capital Investment Counsel Inc raised its holdings in SAP SE (NYSE:SAP) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,833 shares of the software maker’s stock after acquiring an additional 937 shares during the quarter. SAP accounts for about 0.8% of Capital Investment Counsel Inc’s holdings, making the stock its 23rd biggest position. Capital Investment Counsel Inc’s holdings in SAP were worth $5,009,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Summit Global Investments purchased a new position in shares of SAP in the second quarter valued at $956,000. Sanibel Captiva Trust Company Inc. increased its position in shares of SAP by 22.6% in the second quarter. Sanibel Captiva Trust Company Inc. now owns 1,918 shares of the software maker’s stock valued at $387,000 after buying an additional 353 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of SAP by 1.1% in the second quarter. Cidel Asset Management Inc. now owns 106,161 shares of the software maker’s stock valued at $21,414,000 after buying an additional 1,168 shares in the last quarter. Sunpointe LLC increased its position in shares of SAP by 7.6% in the second quarter. Sunpointe LLC now owns 2,205 shares of the software maker’s stock valued at $445,000 after buying an additional 155 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of SAP by 137.1% in the second quarter. First Horizon Advisors Inc. now owns 2,544 shares of the software maker’s stock valued at $513,000 after buying an additional 1,471 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays raised their price target on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. JMP Securities lifted their price objective on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen lifted their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Finally, Sanford C. Bernstein began coverage on SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, SAP currently has an average rating of “Moderate Buy” and a consensus price target of $232.00.

SAP Trading Down 0.6 %

SAP traded down $1.27 during midday trading on Tuesday, hitting $217.77. The company’s stock had a trading volume of 566,798 shares, compared to its average volume of 778,781. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The firm has a market cap of $256.88 billion, a P/E ratio of 47.24, a PEG ratio of 4.20 and a beta of 1.25. The firm has a 50-day moving average price of $202.91 and a two-hundred day moving average price of $192.78. SAP SE has a 52-week low of $126.75 and a 52-week high of $220.12.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. On average, research analysts anticipate that SAP SE will post 4.75 earnings per share for the current year.

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.