Oppenheimer Asset Management Inc. Increases Position in SAP SE (SAP)

Oppenheimer Asset Management Inc. boosted its stake in SAP SE (NYSE:SAP) by 5.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 108,067 shares of the software maker’s stock after buying an additional 5,827 shares during the period. Oppenheimer Asset Management Inc.’s holdings in SAP were worth $11,850,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAP. Dimensional Fund Advisors LP grew its stake in SAP by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 111,506 shares of the software maker’s stock valued at $10,947,000 after buying an additional 1,146 shares during the last quarter. State Street Corp grew its position in shares of SAP by 2.6% during the 1st quarter. State Street Corp now owns 200,172 shares of the software maker’s stock worth $19,651,000 after purchasing an additional 5,063 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of SAP by 13.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 13,023 shares of the software maker’s stock worth $1,363,000 after purchasing an additional 1,543 shares in the last quarter. Bessemer Group Inc. grew its position in shares of SAP by 2.7% during the 2nd quarter. Bessemer Group Inc. now owns 3,350 shares of the software maker’s stock worth $351,000 after purchasing an additional 88 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of SAP by 20.0% during the 2nd quarter. Sei Investments Co. now owns 92,266 shares of the software maker’s stock worth $9,657,000 after purchasing an additional 15,352 shares in the last quarter. Institutional investors and hedge funds own 3.68% of the company’s stock.

SAP SE (NYSE:SAP) traded up $0.90 during midday trading on Thursday, hitting $112.20. 482,000 shares of the company traded hands, compared to its average volume of 704,623. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $136,787.70, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 3.21 and a beta of 1.13. SAP SE has a twelve month low of $83.45 and a twelve month high of $116.90.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.12. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.68 billion. SAP had a net margin of 15.80% and a return on equity of 15.43%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. equities research analysts predict that SAP SE will post 4.13 earnings per share for the current year.

A number of research analysts have issued reports on the stock. BMO Capital Markets assumed coverage on shares of SAP in a research report on Friday, October 20th. They set a “market perform” rating and a $115.00 target price on the stock. They noted that the move was a valuation call. Oppenheimer restated a “buy” rating and set a $120.00 target price on shares of SAP in a research report on Tuesday, November 14th. Morgan Stanley restated a “buy” rating on shares of SAP in a research report on Monday, October 16th. Royal Bank Of Canada restated a “neutral” rating on shares of SAP in a research report on Monday, October 16th. Finally, Stifel Nicolaus restated a “sell” rating and set a $75.00 target price on shares of SAP in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $106.91.

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About SAP

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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