IFP Advisors Inc Has $703,000 Position in SAP SE $SAP

IFP Advisors Inc lifted its holdings in shares of SAP SE (NYSE:SAP) by 52.0% during the second quarter, HoldingsChannel reports. The firm owned 2,312 shares of the software maker’s stock after acquiring an additional 791 shares during the quarter. IFP Advisors Inc’s holdings in SAP were worth $703,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SAP. Twin Tree Management LP raised its position in SAP by 122.5% in the 1st quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock valued at $13,860,000 after buying an additional 280,896 shares during the last quarter. Main Street Research LLC acquired a new stake in SAP in the 1st quarter valued at approximately $32,151,000. Deutsche Bank AG raised its position in SAP by 2,105.3% in the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock valued at $28,256,000 after buying an additional 100,487 shares during the last quarter. Goldman Sachs Group Inc. raised its position in SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after buying an additional 80,164 shares during the last quarter. Finally, WCM Investment Management LLC raised its position in SAP by 5.5% in the 1st quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock valued at $329,395,000 after buying an additional 63,538 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAP. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research report on Tuesday, August 5th. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of SAP in a research report on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Finally, Piper Sandler started coverage on SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $281.67.

SAP Stock Performance

Shares of NYSE SAP opened at $269.70 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 12 month low of $227.52 and a 12 month high of $313.28. The stock has a 50 day moving average of $271.34 and a 200-day moving average of $282.51. The company has a market capitalization of $331.32 billion, a P/E ratio of 44.65, a P/E/G ratio of 3.94 and a beta of 1.28.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the company posted $1.10 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts predict that SAP SE will post 6.55 EPS 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.