Campbell & CO Investment Adviser LLC Acquires Shares of 9,493 SAP SE $SAP

Campbell & CO Investment Adviser LLC bought a new position in shares of SAP SE (NYSE:SAP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,493 shares of the software maker’s stock, valued at approximately $2,887,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion Wealth Management Inc. purchased a new stake in SAP in the second quarter worth $31,000. Motco boosted its holdings in shares of SAP by 400.0% during the 2nd quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of SAP in the 2nd quarter worth about $38,000. Solstein Capital LLC bought a new position in shares of SAP in the 2nd quarter worth about $40,000. Finally, Dagco Inc. purchased a new position in SAP during the 1st quarter valued at about $45,000.

SAP Trading Down 0.8%

Shares of NYSE:SAP opened at $251.93 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03. SAP SE has a 1 year low of $227.52 and a 1 year high of $313.28. The company has a market cap of $309.50 billion, a P/E ratio of 37.71, a PEG ratio of 3.83 and a beta of 1.18. The stock’s fifty day moving average price is $267.14 and its 200-day moving average price is $284.00.

SAP (NYSE:SAP) last issued its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share 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 analyst estimates of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.SAP’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 EPS. Sell-side analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SAP shares. Argus restated a “buy” rating and issued a $320.00 price objective on shares of SAP in a report on Friday, October 24th. KeyCorp restated an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Barclays lifted their price objective on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of SAP in a research note on Friday, October 31st. Finally, Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. 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. According to MarketBeat, SAP has a consensus rating of “Buy” and an average price target of $284.33.

About SAP

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.