SAP SE $SAP Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in shares of SAP SE (NYSE:SAP) by 16.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,720 shares of the software maker’s stock after buying an additional 3,709 shares during the period. Bleakley Financial Group LLC’s holdings in SAP were worth $4,575,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Sound Income Strategies LLC raised its position in shares of SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 58 shares during the period. Bayban acquired a new position in shares of SAP in the 4th quarter valued at $28,000. Community Bank N.A. purchased a new position in SAP in the 3rd quarter worth about $32,000. Kozak & Associates Inc. purchased a new position in SAP in the 3rd quarter worth about $37,000. Finally, GoalVest Advisory LLC acquired a new stake in SAP during the 4th quarter worth about $35,000.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of analyst reports. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, May 14th. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Weiss Ratings upgraded shares of SAP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Finally, HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $283.40.

SAP Stock Performance

SAP stock opened at $155.06 on Wednesday. The firm has a 50 day simple moving average of $167.75 and a 200 day simple moving average of $188.97. SAP SE has a 52 week low of $148.06 and a 52 week high of $309.73. The stock has a market cap of $190.49 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.83 and a beta of 1.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07.

SAP (NYSE:SAP) last released its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. The firm had revenue of $11.06 billion for the quarter. Research analysts anticipate that SAP SE will post 8.3 earnings per share for the current fiscal year.

SAP 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.