Resonant Capital Advisors LLC Raises Position in SAP SE $SAP

Resonant Capital Advisors LLC grew its position in shares of SAP SE (NYSE:SAP) by 38.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,575 shares of the software maker’s stock after purchasing an additional 715 shares during the period. Resonant Capital Advisors LLC’s holdings in SAP were worth $783,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SAP. Twin Tree Management LP increased its position in shares of SAP by 122.5% during the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock valued at $13,860,000 after buying an additional 280,896 shares during the period. Main Street Research LLC bought a new stake in SAP in the 1st quarter valued at $32,151,000. Deutsche Bank AG grew its stake in shares of SAP by 2,105.3% in the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock worth $28,256,000 after buying an additional 100,487 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after acquiring an additional 80,164 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in SAP by 108.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 128,100 shares of the software maker’s stock valued at $38,517,000 after purchasing an additional 66,551 shares during the period.

SAP Stock Performance

Shares of NYSE:SAP opened at $269.11 on Monday. The firm has a market cap of $330.61 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 3.97 and a beta of 1.28. SAP SE has a twelve month low of $227.52 and a twelve month high of $313.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The business has a fifty day moving average of $269.42 and a 200-day moving average of $283.67.

SAP (NYSE:SAP) last posted its earnings results 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 business had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a return on equity of 15.87% and a net margin of 19.50%.SAP’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 EPS. On average, equities research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SAP. BMO Capital Markets dropped their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research note on Tuesday, September 16th. JMP Securities restated a “market outperform” rating and issued a $375.00 target price on shares of SAP in a research note on Thursday. Erste Group Bank downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Argus reiterated a “buy” rating and set a $320.00 price objective on shares of SAP in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.