Capital Fund Management S.A. purchased a new stake in shares of SAP SE (NYSE:SAP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 49,299 shares of the company’s stock, valued at approximately $3,698,000.
Several other institutional investors have also made changes to their positions in the stock. NEXT Financial Group Inc raised its position in shares of SAP SE by 1.3% in the second quarter. NEXT Financial Group Inc now owns 1,980 shares of the company’s stock valued at $148,000 after buying an additional 25 shares during the period. Rehmann Capital Advisory Group raised its position in shares of SAP SE by 1.2% in the second quarter. Rehmann Capital Advisory Group now owns 3,845 shares of the company’s stock valued at $288,000 after buying an additional 44 shares during the period. Naples Global Advisors LLC raised its position in shares of SAP SE by 0.7% in the second quarter. Naples Global Advisors LLC now owns 7,515 shares of the company’s stock valued at $564,000 after buying an additional 50 shares during the period. 1st Global Advisors Inc. raised its position in shares of SAP SE by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 10,961 shares of the company’s stock valued at $822,000 after buying an additional 69 shares during the period. Finally, Capital Analysts LLC raised its position in shares of SAP SE by 0.9% in the second quarter. Capital Analysts LLC now owns 8,010 shares of the company’s stock valued at $601,000 after buying an additional 72 shares during the period. 3.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of SAP SE (NYSE:SAP) traded down 0.57% during mid-day trading on Monday, hitting $90.89. The company had a trading volume of 544,997 shares. The stock has a market cap of $108.90 billion, a price-to-earnings ratio of 27.21 and a beta of 1.43. SAP SE has a 52-week low of $66.67 and a 52-week high of $92.76. The stock’s 50-day moving average is $89.01 and its 200-day moving average is $82.14.
SAP SE (NYSE:SAP) last issued its earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.13. SAP SE had a return on equity of 16.92% and a net margin of 16.76%. Equities analysts forecast that SAP SE will post $4.37 earnings per share for the current year.
Several brokerages have recently commented on SAP. Morgan Stanley reaffirmed a “buy” rating on shares of SAP SE in a research note on Monday, July 11th. Zacks Investment Research upgraded SAP SE from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Jefferies Group reiterated a “hold” rating on shares of SAP SE in a report on Thursday, August 4th. Credit Suisse Group AG reiterated a “hold” rating and issued a $37.00 price objective on shares of SAP SE in a report on Wednesday, August 3rd. Finally, RBC Capital Markets reiterated a “hold” rating and issued a $95.00 price objective on shares of SAP SE in a report on Friday. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.42.
SAP SE Company Profile
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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