Tidal Investments LLC Buys 189,591 Shares of SAP SE $SAP

Tidal Investments LLC increased its stake in SAP SE (NYSE:SAP) by 18.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,214,315 shares of the software maker’s stock after buying an additional 189,591 shares during the quarter. Tidal Investments LLC’s holdings in SAP were worth $187,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Windacre Partnership LLC raised its position in SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after acquiring an additional 1,336,325 shares in the last quarter. Bank of America Corp DE increased its stake in shares of SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after purchasing an additional 973,779 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of SAP in the 1st quarter valued at about $150,701,000. Sustainable Growth Advisers LP lifted its stake in SAP by 1,126.3% in the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after purchasing an additional 773,720 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. lifted its stake in SAP by 1,532.8% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock valued at $128,392,000 after purchasing an additional 703,982 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Oppenheimer reissued a “market perform” rating on shares of SAP in a research report on Friday, July 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $265.00 target price on shares of SAP in a research note on Wednesday, June 10th. Jefferies Financial Group lowered SAP from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. TD Cowen restated a “buy” rating on shares of SAP in a research note on Friday, July 24th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of SAP in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus price target of $264.83.

SAP Stock Down 1.1%

SAP stock opened at $209.18 on Thursday. The company’s 50-day moving average price is $189.62 and its two-hundred day moving average price is $180.66. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The stock has a market cap of $256.97 billion, a P/E ratio of 26.28, a P/E/G ratio of 2.52 and a beta of 1.14. SAP SE has a twelve month low of $144.97 and a twelve month high of $281.36.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.30 billion. SAP had a return on equity of 17.07% and a net margin of 20.88%.The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. As a group, analysts expect that SAP SE will post 8.18 EPS for the current year.

SAP Company Profile

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. The company develops technology that helps organizations manage core business operations, including finance, procurement, supply chain, manufacturing, human resources, sales and customer relationships.

SAP’s portfolio is centered on its cloud-based enterprise resource planning platform, SAP S/4HANA, along with the SAP Business Technology Platform. Its products and services also include SAP SuccessFactors for human resources, SAP Ariba for business-to-business procurement, SAP Concur for travel and expense management, and solutions for customer experience, data management, analytics and artificial intelligence.

SAP was founded in 1972 by five former IBM employees and has grown into a global provider of business software.