Weaver Capital Management LLC Buys New Stake in SAP SE $SAP

Weaver Capital Management LLC bought a new stake in SAP SE (NYSE:SAP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,349 shares of the software maker’s stock, valued at approximately $1,542,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAP. First PREMIER Bank purchased a new stake in SAP in the 3rd quarter valued at approximately $25,000. Retirement Wealth Solutions LLC lifted its stake in SAP by 246.4% in the 3rd 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. Sound Income Strategies LLC lifted its stake in SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after buying an additional 58 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in SAP in the 3rd quarter valued at approximately $27,000. Finally, Copia Wealth Management purchased a new stake in SAP in the 3rd quarter valued at approximately $28,000.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SAP shares. Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. TD Cowen reissued a “buy” rating on shares of SAP in a research note on Wednesday, March 18th. Santander raised SAP to a “neutral” rating in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of SAP in a research note on Friday, January 30th. Finally, Citigroup lowered SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $305.75.

SAP Stock Down 0.1%

Shares of NYSE SAP opened at $169.35 on Thursday. The stock has a fifty day moving average price of $191.01 and a 200 day moving average price of $230.40. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. The company has a market cap of $208.05 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.94 and a beta of 1.24. SAP SE has a 12-month low of $163.77 and a 12-month high of $313.28.

SAP (NYSE:SAP) last issued its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) 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 analysts’ expectations of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. SAP’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.40 earnings per share. Research analysts anticipate that SAP SE will post 6.55 EPS 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.