Ironvine Capital Partners LLC Takes $22.22 Million Position in SAP SE $SAP

Ironvine Capital Partners LLC bought a new position in shares of SAP SE (NYSE:SAP) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 144,159 shares of the software maker’s stock, valued at approximately $22,216,000. SAP accounts for approximately 1.9% of Ironvine Capital Partners LLC’s holdings, making the stock its 22nd biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bayban purchased a new stake in SAP in the 4th quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in SAP by 758.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after purchasing an additional 129 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in shares of SAP by 83.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock valued at $45,000 after purchasing an additional 67 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of SAP in the third quarter valued at about $49,000. Finally, Front Row Advisors LLC increased its stake in shares of SAP by 362.5% during the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock worth $32,000 after purchasing an additional 145 shares in the last quarter.

SAP Price Performance

SAP stock opened at $212.22 on Wednesday. The company has a fifty day simple moving average of $182.59 and a 200-day simple moving average of $180.26. The firm has a market capitalization of $260.71 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.59 and a beta of 1.14. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. SAP SE has a 52-week low of $144.97 and a 52-week high of $281.36.

SAP (NYSE:SAP) last posted its quarterly earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a return on equity of 17.07% and a net margin of 20.88%.The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.30 billion. During the same period in the prior year, the business posted $1.50 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that SAP SE will post 8.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and set a $265.00 price target on shares of SAP in a research report on Wednesday, June 10th. Wells Fargo & Company reiterated an “overweight” rating on shares of SAP in a report on Wednesday, August 12th. UBS Group lowered SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. BMO Capital Markets increased their target price on SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Jefferies Financial Group downgraded SAP from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $264.83.

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.