SG Americas Securities LLC Makes New Investment in SAP SE $SAP

SG Americas Securities LLC purchased a new position in shares of SAP SE (NYSE:SAP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 28,967 shares of the software maker’s stock, valued at approximately $7,740,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAP. Central Pacific Bank Trust Division bought a new position in shares of SAP in the second quarter worth approximately $920,000. Modern Wealth Management LLC lifted its stake in shares of SAP by 292.2% during the 1st quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker’s stock valued at $1,252,000 after buying an additional 3,474 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SAP by 59.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker’s stock worth $10,353,000 after buying an additional 12,637 shares during the period. Rhumbline Advisers increased its stake in SAP by 5.3% in the 1st quarter. Rhumbline Advisers now owns 24,087 shares of the software maker’s stock worth $6,466,000 after buying an additional 1,216 shares in the last quarter. Finally, Connective Portfolio Management LLC purchased a new position in shares of SAP in the second quarter valued at about $734,000.

SAP Stock Up 2.5%

Shares of NYSE:SAP opened at $247.11 on Friday. The company has a market cap of $296.11 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 2.97 and a beta of 1.18. SAP SE has a 12 month low of $233.51 and a 12 month high of $313.28. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $244.89 and a 200 day moving average price of $267.68.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The business had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. As a group, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SAP shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SAP in a report on Friday, October 31st. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research report on Monday, October 27th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Barclays increased their price target on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, SAP presently has an average rating of “Buy” and a consensus target price of $284.33.

SAP Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.