Klingman & Associates LLC Makes New Investment in SAP SE $SAP

Klingman & Associates LLC purchased a new stake in shares of SAP SE (NYSE:SAP) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,215 shares of the software maker’s stock, valued at approximately $369,000.

Other institutional investors have also recently made changes to their positions in the company. Journey Advisory Group LLC purchased a new stake in SAP in the second quarter valued at approximately $936,000. Princeton Global Asset Management LLC acquired a new position in shares of SAP in the second quarter worth $38,000. West Tower Group LLC acquired a new position in shares of SAP in the second quarter worth $304,000. Calamos Wealth Management LLC grew its stake in shares of SAP by 4.9% in the second quarter. Calamos Wealth Management LLC now owns 17,878 shares of the software maker’s stock worth $5,437,000 after acquiring an additional 833 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its stake in shares of SAP by 20.2% in the second quarter. Cidel Asset Management Inc. now owns 127,005 shares of the software maker’s stock worth $38,622,000 after acquiring an additional 21,372 shares in the last quarter.

SAP Stock Performance

NYSE SAP opened at $280.61 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP SE has a 1 year low of $227.52 and a 1 year high of $313.28. The company has a market capitalization of $344.73 billion, a PE ratio of 46.46, a P/E/G ratio of 4.13 and a beta of 1.28. The company has a fifty day moving average of $269.65 and a two-hundred day moving average of $282.76.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. SAP’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SAP shares. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. Barclays reiterated an “overweight” rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. JMP Securities boosted their target price on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 23rd. Erste Group Bank downgraded shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $281.67.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It 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 spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.