American Century Companies Inc. Buys 3,621 Shares of SAP SE (NYSE:SAP)

American Century Companies Inc. raised its stake in SAP SE (NYSE:SAP) by 10.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,832 shares of the software maker’s stock after acquiring an additional 3,621 shares during the period. American Century Companies Inc.’s holdings in SAP were worth $4,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SAP. NewEdge Wealth LLC grew its stake in shares of SAP by 0.9% in the 1st quarter. NewEdge Wealth LLC now owns 7,981 shares of the software maker’s stock worth $1,010,000 after buying an additional 74 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its stake in shares of SAP by 2.3% in the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 3,891 shares of the software maker’s stock worth $492,000 after buying an additional 89 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of SAP by 0.4% in the 1st quarter. Yousif Capital Management LLC now owns 20,625 shares of the software maker’s stock worth $2,610,000 after buying an additional 90 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of SAP by 11.1% in the 4th quarter. First Horizon Advisors Inc. now owns 933 shares of the software maker’s stock worth $96,000 after buying an additional 93 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of SAP by 5.7% during the 1st quarter. Lindbrook Capital LLC now owns 1,755 shares of the software maker’s stock worth $222,000 after purchasing an additional 95 shares during the period. 4.99% of the stock is currently owned by institutional investors.

SAP Trading Up 0.7 %

NYSE:SAP opened at $138.69 on Thursday. SAP SE has a one year low of $78.22 and a one year high of $145.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $163.60 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.31 and a beta of 1.18. The firm has a 50-day simple moving average of $136.92 and a 200-day simple moving average of $131.01.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, July 20th. The software maker reported $0.71 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.17). SAP had a net margin of 16.55% and a return on equity of 6.86%. The business had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.38 billion. Equities analysts anticipate that SAP SE will post 4.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SAP shares. JMP Securities reaffirmed a “market outperform” rating and set a $179.00 price target on shares of SAP in a research note on Friday, July 21st. Jefferies Financial Group raised shares of SAP from an “underperform” rating to a “hold” rating in a research note on Thursday, June 22nd. StockNews.com started coverage on shares of SAP in a research note on Thursday, August 17th. They set a “strong-buy” rating for the company. Oppenheimer reaffirmed a “market perform” rating on shares of SAP in a research note on Friday, July 21st. Finally, Sanford C. Bernstein lifted their price target on shares of SAP from $169.00 to $176.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.50.

SAP Company Profile

SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.