Legacy Financial Advisors Inc. Acquires New Shares in SAP SE $SAP

Legacy Financial Advisors Inc. purchased a new stake in shares of SAP SE (NYSE:SAP) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,626 shares of the software maker’s stock, valued at approximately $969,000.

A number of other hedge funds have also added to or reduced their stakes in SAP. Oppenheimer Asset Management Inc. increased its stake in SAP by 15.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock worth $14,272,000 after buying an additional 7,066 shares in the last quarter. Seaview Investment Managers LLC grew its holdings in SAP by 191.4% during the 3rd quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock valued at $3,138,000 after buying an additional 7,714 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of SAP by 59.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker’s stock valued at $10,353,000 after buying an additional 12,637 shares during the last quarter. Cidel Asset Management Inc. lifted its holdings in shares of SAP by 9.7% in the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock worth $37,215,000 after buying an additional 12,268 shares in the last quarter. Finally, AMF Tjanstepension AB grew its position in shares of SAP by 118.9% during the third quarter. AMF Tjanstepension AB now owns 115,679 shares of the software maker’s stock valued at $30,911,000 after purchasing an additional 62,842 shares in the last quarter.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of recent research reports. Arete Research raised shares of SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Piper Sandler assumed coverage on SAP in a research report on Tuesday, February 3rd. They set an “overweight” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of SAP in a research note on Friday, January 30th. Finally, TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Down 3.0%

SAP stock opened at $196.60 on Tuesday. The business’s 50-day simple moving average is $226.66 and its two-hundred day simple moving average is $249.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17. The company has a market cap of $241.52 billion, a PE ratio of 27.89, a PEG ratio of 2.25 and a beta of 1.17. SAP SE has a fifty-two week low of $189.22 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. The firm had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.52%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 earnings per share. Equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.