SG Americas Securities LLC Invests $7.74 Million in SAP SE $SAP

SG Americas Securities LLC purchased a new position in shares of SAP SE (NYSE:SAP) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 28,967 shares of the software maker’s stock, valued at approximately $7,740,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAP. Brighton Jones LLC boosted its position in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after buying an additional 1,255 shares during the period. Baird Financial Group Inc. bought a new stake in shares of SAP during the 1st quarter worth approximately $242,000. AQR Capital Management LLC lifted its stake in shares of SAP by 49.0% during the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after acquiring an additional 5,363 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in SAP by 15.0% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 1,037 shares of the software maker’s stock valued at $278,000 after acquiring an additional 135 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in SAP in the 1st quarter valued at $2,681,000.

SAP Stock Up 2.5%

Shares of NYSE SAP opened at $247.11 on Friday. SAP SE has a 12-month low of $233.51 and a 12-month high of $313.28. The stock’s fifty day simple moving average is $244.89 and its two-hundred day simple moving average is $267.68. The stock has a market capitalization of $296.11 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 2.97 and a beta of 1.18. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last released its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, topping the consensus estimate of $1.69 by $0.17. The firm had revenue of $10.65 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%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS. As a group, analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SAP. Arete Research upgraded SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Argus restated a “buy” rating and issued a $320.00 price target on shares of SAP in a report on Friday, October 24th. JMP Securities reiterated a “market outperform” rating and set a $375.00 price objective on shares of SAP in a report on Thursday, October 23rd. KeyCorp restated an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $284.33.

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.