2,799 SAP SE $SAP Shares Acquired by Value Partners Investments Inc.

Value Partners Investments Inc. lifted its stake in SAP SE (NYSE:SAP) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,844 shares of the software maker’s stock after purchasing an additional 2,799 shares during the period. SAP accounts for 1.0% of Value Partners Investments Inc.’s portfolio, making the stock its 23rd largest position. Value Partners Investments Inc.’s holdings in SAP were worth $14,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Bayban bought a new stake in SAP in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in SAP in the third quarter valued at approximately $30,000. Front Row Advisors LLC increased its stake in SAP by 362.5% in the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after purchasing an additional 145 shares in the last quarter. MidFirst Bank acquired a new stake in SAP in the fourth quarter worth $46,000. Finally, SHP Wealth Management acquired a new stake in SAP in the fourth quarter worth $47,000.

SAP Stock Performance

Shares of NYSE SAP traded up $1.83 during trading hours on Monday, reaching $226.12. 2,170,409 shares of the stock were exchanged, compared to its average volume of 2,975,444. The firm has a market capitalization of $277.79 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 2.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. SAP SE has a 52 week low of $144.97 and a 52 week high of $281.36. The stock’s fifty day simple moving average is $213.44 and its 200 day simple moving average is $185.57.

SAP (NYSE:SAP) last released its quarterly earnings results on Wednesday, July 22nd. The software maker reported $1.82 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.18). The business had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.30 billion. SAP had a net margin of 20.88% and a return on equity of 17.07%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $1.50 earnings per share. Sell-side analysts predict that SAP SE will post 8.08 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on SAP. BMO Capital Markets raised their target price on shares of SAP from $177.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, October 8th. Wells Fargo & Company reiterated an “overweight” rating on shares of SAP in a report on Wednesday, August 12th. Citigroup reissued a “buy” rating on shares of SAP in a research report on Tuesday, September 22nd. TD Cowen restated a “buy” rating on shares of SAP in a report on Thursday. Finally, Barclays boosted their price objective on shares of SAP from $242.00 to $243.00 and gave the company an “overweight” rating in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.71.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.

SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.