XY Capital Ltd Invests $2.04 Million in SAP SE $SAP

XY Capital Ltd purchased a new stake in shares of SAP SE (NYSE:SAP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,614 shares of the software maker’s stock, valued at approximately $2,035,000. SAP makes up about 1.1% of XY Capital Ltd’s investment portfolio, making the stock its 22nd largest position.

Other large investors also recently made changes to their positions in the company. Fisher Asset Management LLC raised its holdings in shares of SAP by 2.8% in the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock valued at $3,887,727,000 after buying an additional 392,010 shares during the last quarter. Bank of America Corp DE raised its stake in shares of SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after acquiring an additional 973,779 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of SAP by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 1,116,675 shares of the software maker’s stock valued at $298,387,000 after purchasing an additional 28,924 shares during the last quarter. Sands Capital Management LLC increased its holdings in shares of SAP by 52.1% in the third quarter. Sands Capital Management LLC now owns 440,270 shares of the software maker’s stock valued at $117,645,000 after purchasing an additional 150,884 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in SAP by 243.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 435,253 shares of the software maker’s stock worth $116,304,000 after buying an additional 308,629 shares in the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $189.96 on Friday. The stock has a market cap of $233.37 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.12 and a beta of 1.18. The stock has a 50-day moving average of $213.55 and a 200-day moving average of $242.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16. SAP SE has a one year low of $187.93 and a one year high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.54%. The business had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the firm earned $1.40 EPS. SAP’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of recent research reports. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Barclays set a $283.00 target price on shares of SAP in a research report on Monday, February 2nd. Citizens Jmp lowered shares of SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. HSBC raised shares of SAP to a “hold” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings upgraded shares of SAP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $305.75.

About SAP

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.