Quadrature Capital Ltd Invests $28.36 Million in SAP SE $SAP

Quadrature Capital Ltd bought a new position in SAP SE (NYSE:SAP) during the third quarter, Holdings Channel.com reports. The fund bought 106,096 shares of the software maker’s stock, valued at approximately $28,363,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First PREMIER Bank bought a new stake in SAP during the third quarter worth approximately $25,000. Retirement Wealth Solutions LLC increased its holdings in shares of SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after buying an additional 69 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of SAP in the third quarter valued at $27,000. Copia Wealth Management acquired a new stake in shares of SAP during the 3rd quarter valued at $28,000. Finally, Guerra Advisors Inc bought a new stake in shares of SAP during the 3rd quarter worth $31,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. TD Cowen restated a “buy” rating on shares of SAP in a report on Friday, January 30th. Arete Research raised SAP to a “strong-buy” rating in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SAP in a research report on Friday, January 30th. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Santander raised shares of SAP to a “neutral” rating in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $305.75.

SAP Price Performance

Shares of NYSE:SAP opened at $190.46 on Friday. The company’s fifty day moving average is $214.49 and its two-hundred day moving average is $242.72. 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 company has a market cap of $233.98 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 2.12 and a beta of 1.18.

SAP (NYSE:SAP) last issued its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping 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 business had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter last year, the firm posted $1.40 earnings per share. SAP’s revenue was up 3.3% compared to the same quarter last year. Equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal 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.