SAP SE $SAP Stock Holdings Lifted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in SAP SE (NYSE:SAP) by 18.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,845 shares of the software maker’s stock after acquiring an additional 604 shares during the period. Concurrent Investment Advisors LLC’s holdings in SAP were worth $1,169,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SAP. Twin Tree Management LP increased its position in shares of SAP by 122.5% in the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock worth $13,860,000 after acquiring an additional 280,896 shares in the last quarter. Main Street Research LLC purchased a new position in shares of SAP in the first quarter worth approximately $32,151,000. Deutsche Bank AG boosted its holdings in shares of SAP by 2,105.3% during the first quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock worth $28,256,000 after purchasing an additional 100,487 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after purchasing an additional 80,164 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in shares of SAP by 5.5% during the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock worth $329,395,000 after purchasing an additional 63,538 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Erste Group Bank cut shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Jefferies Financial Group restated a “buy” rating on shares of SAP in a report on Tuesday, September 16th. Morgan Stanley restated an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Finally, Barclays restated an “overweight” rating and set a $322.00 price target (up from $308.00) on shares of SAP in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $281.67.

SAP Price Performance

NYSE SAP opened at $271.42 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $333.44 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 4.03 and a beta of 1.28. The company has a 50 day moving average price of $270.64 and a two-hundred day moving average price of $282.35. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28.

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

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.