Savant Capital LLC Raises Stake in SAP SE $SAP

Savant Capital LLC raised its stake in shares of SAP SE (NYSE:SAP) by 25.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,514 shares of the software maker’s stock after buying an additional 512 shares during the quarter. Savant Capital LLC’s holdings in SAP were worth $764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Twin Tree Management LP grew its stake in SAP by 122.5% during the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock valued at $13,860,000 after acquiring an additional 280,896 shares in the last quarter. Trivest Advisors Ltd bought a new position in SAP in the 2nd quarter valued at $52,305,000. Jennison Associates LLC boosted its holdings in SAP by 195.0% in the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock valued at $67,312,000 after purchasing an additional 146,325 shares during the period. Deutsche Bank AG grew its position in shares of SAP by 2,105.3% during the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock valued at $28,256,000 after purchasing an additional 100,487 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of SAP by 6.5% in 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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SAP shares. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Barclays lifted their price target on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Finally, Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $284.33.

SAP Stock Performance

Shares of NYSE SAP opened at $245.02 on Friday. The stock’s 50-day moving average is $265.26 and its 200 day moving average is $282.96. The stock has a market cap of $301.01 billion, a price-to-earnings ratio of 36.68, a P/E/G ratio of 3.83 and a beta of 1.18. SAP SE has a 1-year low of $227.52 and a 1-year high of $313.28. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last issued its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The business had revenue of $10.54 billion for 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% on a year-over-year basis. During the same period last year, the business earned $1.23 earnings per share. On average, sell-side analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

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.