Leuthold Group LLC Makes New Investment in SAP SE $SAP

Leuthold Group LLC bought a new position in shares of SAP SE (NYSE:SAP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,248 shares of the software maker’s stock, valued at approximately $380,000.

Several other hedge funds have also recently bought and sold shares of the company. Stablepoint Partners LLC grew its holdings in shares of SAP by 1.4% in the second quarter. Stablepoint Partners LLC now owns 5,898 shares of the software maker’s stock valued at $1,794,000 after purchasing an additional 83 shares in the last quarter. West Family Investments Inc. grew its stake in SAP by 238.9% during the 2nd quarter. West Family Investments Inc. now owns 6,893 shares of the software maker’s stock worth $2,096,000 after buying an additional 4,859 shares during the last quarter. Hsbc Holdings PLC raised its position in SAP by 64.6% in the 2nd quarter. Hsbc Holdings PLC now owns 2,209 shares of the software maker’s stock valued at $670,000 after purchasing an additional 867 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of SAP by 158.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 33,968 shares of the software maker’s stock worth $10,330,000 after buying an additional 20,803 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of SAP by 54.3% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 36,151 shares of the software maker’s stock worth $10,994,000 after purchasing an additional 12,722 shares during the last quarter.

SAP Price Performance

NYSE SAP opened at $241.75 on Monday. The company has a 50 day simple moving average of $260.50 and a 200-day simple moving average of $278.86. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03. SAP SE has a 52-week low of $233.51 and a 52-week high of $313.28. The firm has a market capitalization of $296.99 billion, a price-to-earnings ratio of 36.19, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. The firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. SAP’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. Equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Monday, October 27th. Barclays increased their target price on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Friday, October 31st. JMP Securities reaffirmed a “market outperform” rating and set a $375.00 price target on shares of SAP in a research report on Thursday, October 23rd. Finally, Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $284.33.

SAP 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.