Brown Advisory Inc. Increases Stock Position in SAP SE $SAP

Brown Advisory Inc. boosted its holdings in SAP SE (NYSE:SAP) by 254.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,422 shares of the software maker’s stock after buying an additional 3,893 shares during the period. Brown Advisory Inc.’s holdings in SAP were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vermillion Wealth Management Inc. purchased a new position in shares of SAP in the second quarter valued at $31,000. Motco grew its holdings in SAP by 400.0% during the 2nd quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of SAP during the second quarter valued at about $38,000. Solstein Capital LLC purchased a new stake in shares of SAP in the second quarter worth about $40,000. Finally, Dagco Inc. bought a new position in shares of SAP in the first quarter valued at approximately $45,000.

SAP Price Performance

Shares of SAP stock opened at $245.90 on Thursday. The firm has a market capitalization of $302.09 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 3.51 and a beta of 1.19. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. SAP SE has a 12 month low of $233.51 and a 12 month high of $313.28. The business’s 50-day moving average price is $257.03 and its 200-day moving average price is $276.01.

SAP (NYSE:SAP) last issued its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business had revenue of $10.65 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. SAP’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SAP. Cowen reaffirmed a “buy” rating on shares of SAP in a report on Thursday, October 23rd. Barclays upped their price target on shares of SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of SAP in a research note on Friday, October 31st. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, SAP has a consensus rating of “Buy” and an average price target of $284.33.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.