&Partners increases stake in SAP SE (NYSE:SAP)

&Partners raised its stake in SAP SE (NYSE:SAP – Free Report) by 220.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,566 shares of the software maker’s stock after buying an additional 4,516 shares during the quarter. &Partners’ holdings in SAP were worth $1,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital International Investors raised its holdings in SAP by 8.1% in the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after buying an additional 746,386 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of SAP in the 1st quarter worth about $58,936,000. Verity & Verity LLC purchased a new position in SAP in the first quarter valued at about $35,000. International Assets Investment Management LLC purchased a new stake in SAP during the 4th quarter valued at approximately $17,255,000. Finally, Principal Financial Group Inc. lifted its position in SAP by 21.2% in the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after acquiring an additional 108,729 shares during the period.

SAP trading up 0.9%

Shares of SAP stock opened at $219.15 on Friday. The company’s 50-day simple moving average is $204.46, and its 200-day simple moving average is $193.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12, and a quick ratio of 1.12. SAP SE has a 1 year low of $126.75 and a 1 year high of $220.13. The firm has a market cap of $258.50 billion, a P/E ratio of 47.54, a PEG ratio of 4.27 and a beta of 1.25.

SAP (NYSE:SAP – Get Free Report ) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. In the same quarter last year, the company posted earnings of $0.71 per share. SAP revenue grew 9.7% year over year. As a group, equities analysts forecast that SAP SE will post 4.75 EPS for the current year.

Analysts on Wall Street are forecasting an increase

A number of brokerages have commented on SAP. TD Cowen boosted their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. JMP Securities upped their price objective on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Barclays boosted their target price on SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Finally, BMO Capital Markets upped their target price on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. SAP presently has a consensus rating of “Moderate Buy” and an average price target of $232.00, according to MarketBeat.com .

Get the latest analysis on SAP

SAP Company Profile

(Free report)

SAP SE, together with its subsidiaries, provides applications, technology and services worldwide. 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 expense management solutions covering direct and indirect expenses, travel and expenses, and external workforce management.

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