Seven Eight Capital LP Makes New Investment in SAP SE (NYSE:SAP)

Seven Eight Capital LP bought a new position in SAP SE (NYSE:SAP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,863 shares of the software maker’s stock, valued at approximately $779,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors lifted its stake in SAP by 8.1% in the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after acquiring an additional 746,386 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of SAP by 2.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock valued at $167,987,000 after purchasing an additional 26,031 shares in the last quarter. Raymond James & Associates lifted its position in shares of SAP by 3.7% in the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock worth $127,473,000 after purchasing an additional 22,438 shares during the period. Principal Financial Group Inc. boosted its stake in shares of SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after purchasing an additional 108,729 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in SAP during the first quarter valued at approximately $58,936,000.

SAP Trading Down 0.1 %

NYSE SAP opened at $228.81 on Friday. SAP SE has a 12-month low of $126.75 and a 12-month high of $230.19. The company has a fifty day simple moving average of $212.75 and a two-hundred day simple moving average of $198.66. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a market cap of $269.90 billion, a P/E ratio of 49.63, a P/E/G ratio of 4.34 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, analysts forecast that SAP SE will post 4.83 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD Cowen increased their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets lifted their target price on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays lifted their price objective on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, JMP Securities raised their target price on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.00.

About SAP

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.