Capital International Inc. CA Buys 14,280 Shares of SAP SE $SAP

Capital International Inc. CA increased its stake in shares of SAP SE (NYSE:SAP) by 30.0% during the third quarter, HoldingsChannel.com reports. The fund owned 61,882 shares of the software maker’s stock after purchasing an additional 14,280 shares during the period. Capital International Inc. CA’s holdings in SAP were worth $16,535,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SAP. First PREMIER Bank acquired a new stake in SAP in the 3rd quarter worth approximately $25,000. Retirement Wealth Solutions LLC grew its holdings in SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after purchasing an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of SAP in the third quarter valued at approximately $27,000. Copia Wealth Management acquired a new stake in shares of SAP in the third quarter worth $28,000. Finally, Guerra Advisors Inc bought a new stake in shares of SAP during the 3rd quarter worth $31,000.

SAP Stock Performance

NYSE:SAP opened at $195.79 on Wednesday. The firm has a market capitalization of $240.53 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. SAP SE has a 12-month low of $187.93 and a 12-month high of $313.28. The firm has a 50-day moving average price of $216.56 and a 200 day moving average price of $243.45.

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, beating the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the company posted $1.40 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Research analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SAP. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays set a $283.00 price target on shares of SAP in a report on Monday, February 2nd. Santander raised SAP to a “neutral” rating in a research report on Tuesday, February 3rd. Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $305.75.

About SAP

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.