Fidelis Capital Partners LLC Acquires New Holdings in SAP SE $SAP

Fidelis Capital Partners LLC bought a new position in shares of SAP SE (NYSE:SAP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 870 shares of the software maker’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Contravisory Investment Management Inc. increased its stake in shares of SAP by 3.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock worth $338,000 after purchasing an additional 34 shares in the last quarter. Independent Advisor Alliance increased its position in SAP by 0.4% during the first quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker’s stock worth $2,673,000 after buying an additional 35 shares in the last quarter. Cordatus Wealth Management LLC raised its holdings in shares of SAP by 1.1% in the first quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker’s stock worth $889,000 after acquiring an additional 37 shares during the last quarter. Sage Rhino Capital LLC raised its holdings in shares of SAP by 1.1% in the second quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock worth $1,045,000 after acquiring an additional 37 shares during the last quarter. Finally, LCM Capital Management Inc lifted its position in shares of SAP by 1.9% in the first quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker’s stock valued at $557,000 after acquiring an additional 39 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research report on Monday, October 27th. Argus reissued a “buy” rating and issued a $320.00 price objective on shares of SAP in a research report on Friday, October 24th. Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. JMP Securities reiterated a “market outperform” rating and issued a $375.00 price target on shares of SAP in a report on Thursday, October 23rd. Finally, Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. 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’s stock. According to data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and an average target price of $284.33.

SAP Stock Performance

Shares of SAP stock opened at $254.18 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.11. The firm has a market capitalization of $312.26 billion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18. SAP SE has a one year low of $227.52 and a one year high of $313.28. The company has a 50 day moving average price of $266.50 and a 200 day moving average price of $283.68.

SAP (NYSE:SAP) last announced its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.17. The company had revenue of $10.54 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%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 EPS. Sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.