Saturna Capital Corp Has $4.63 Million Holdings in SAP SE $SAP

Saturna Capital Corp raised its stake in SAP SE (NYSE:SAP) by 22.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,073 shares of the software maker’s stock after purchasing an additional 4,952 shares during the period. Saturna Capital Corp’s holdings in SAP were worth $4,635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAP. Fisher Asset Management LLC raised its position in shares of SAP by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock valued at $3,577,793,000 after buying an additional 179,550 shares during the last quarter. Bank of America Corp DE increased its stake in SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after acquiring an additional 973,779 shares during the period. Windacre Partnership LLC increased its stake in SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after acquiring an additional 1,336,325 shares during the period. Northern Trust Corp raised its holdings in SAP by 3.2% in the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after acquiring an additional 49,111 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in SAP by 7.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock valued at $291,498,000 after acquiring an additional 83,349 shares in the last quarter.

SAP Trading Down 2.4%

Shares of SAP opened at $154.54 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $189.86 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.82 and a beta of 1.14. The stock has a fifty day moving average price of $166.38 and a two-hundred day moving average price of $185.91. SAP SE has a 52-week low of $148.06 and a 52-week high of $307.66.

SAP (NYSE:SAP) last announced its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The company had revenue of $11.06 billion for the quarter. Analysts predict that SAP SE will post 8.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several recent research reports. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. The Goldman Sachs Group restated a “buy” rating and issued a $265.00 target price on shares of SAP in a research note on Wednesday, June 10th. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. BMO Capital Markets decreased their price target on shares of SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, Barclays lowered their price target on shares of SAP from $257.00 to $255.00 and set an “overweight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $270.83.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.