Ironvine Capital Partners LLC Buys Shares of 144,159 SAP SE $SAP

Ironvine Capital Partners LLC bought a new position in SAP SE (NYSE:SAP) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 144,159 shares of the software maker’s stock, valued at approximately $22,216,000. SAP comprises approximately 1.9% of Ironvine Capital Partners LLC’s portfolio, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after purchasing an additional 1,255 shares during the period. Baird Financial Group Inc. purchased a new position in SAP during the first quarter worth about $242,000. AQR Capital Management LLC raised its stake in SAP by 49.0% during the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after purchasing an additional 5,363 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in SAP in the 1st quarter valued at about $2,681,000. Finally, Sivia Capital Partners LLC boosted its holdings in SAP by 2.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock valued at $928,000 after purchasing an additional 69 shares during the last quarter.

SAP Price Performance

Shares of SAP opened at $212.22 on Wednesday. The firm has a 50-day simple moving average of $182.59 and a two-hundred day simple moving average of $180.26. The stock has a market cap of $260.71 billion, a PE ratio of 26.66, a P/E/G ratio of 2.59 and a beta of 1.14. SAP SE has a 1-year low of $144.97 and a 1-year high of $281.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 1.15.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.18). The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.30 billion. SAP had a return on equity of 17.07% and a net margin of 20.88%.The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. As a group, analysts forecast that SAP SE will post 8.18 EPS for the current year.

Analysts Set New Price Targets

SAP has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of SAP from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Oppenheimer reiterated a “market perform” rating on shares of SAP in a report on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Friday, August 21st. The Goldman Sachs Group reissued a “buy” rating and set a $265.00 target price on shares of SAP in a research note on Wednesday, June 10th. Finally, BMO Capital Markets lifted their target price on SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $264.83.

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.