Sterling Capital Management LLC grew its holdings in shares of SAP SE (NYSE:SAP) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,267 shares of the software maker’s stock after purchasing an additional 179 shares during the period. Sterling Capital Management LLC’s holdings in SAP SE were worth $551,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in SAP. Parallel Advisors LLC grew its position in shares of SAP SE by 32.4% during the 2nd quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after purchasing an additional 234 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of SAP SE during the 2nd quarter worth approximately $132,000. IFP Advisors Inc grew its position in shares of SAP SE by 29.4% during the 2nd quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after purchasing an additional 331 shares in the last quarter. Fiduciary Trust Co. acquired a new position in shares of SAP SE during the 2nd quarter worth approximately $157,000. Finally, Huntington National Bank grew its position in shares of SAP SE by 1.6% during the 2nd quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.
Shares of SAP SE (NYSE SAP) opened at 113.40 on Friday. SAP SE has a one year low of $80.93 and a one year high of $113.98. The stock’s 50 day moving average is $110.52 and its 200-day moving average is $105.85. The company has a market cap of $135.96 billion, a P/E ratio of 32.88 and a beta of 1.10.
SAP SE (NYSE:SAP) last issued its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.68 billion. SAP SE had a net margin of 15.80% and a return on equity of 15.43%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts forecast that SAP SE will post $4.82 earnings per share for the current year.
SAP SE declared that its Board of Directors has approved a stock repurchase plan on Thursday, July 20th that permits the company to buyback shares. This buyback authorization permits the software maker to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
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A number of research analysts have issued reports on SAP shares. Morgan Stanley restated a “buy” rating on shares of SAP SE in a research report on Monday, October 16th. Berenberg Bank started coverage on shares of SAP SE in a research report on Wednesday, August 23rd. They set a “buy” rating on the stock. BidaskClub lowered shares of SAP SE from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. DZ Bank AG restated a “buy” rating on shares of SAP SE in a research report on Thursday, July 20th. Finally, Zacks Investment Research upgraded shares of SAP SE from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. SAP SE presently has a consensus rating of “Buy” and an average price target of $101.33.
SAP SE Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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