Brown Advisory Inc. Grows Stake in SAP SE (NYSE:SAP)

Brown Advisory Inc. increased its holdings in shares of SAP SE (NYSE:SAP) by 34.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,529 shares of the software maker’s stock after purchasing an additional 390 shares during the quarter. Brown Advisory Inc.’s holdings in SAP were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SAP. Bartlett & CO. Wealth Management LLC grew its position in shares of SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after purchasing an additional 66 shares in the last quarter. Founders Capital Management grew its position in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker’s stock worth $35,000 after purchasing an additional 75 shares in the last quarter. Highline Wealth Partners LLC grew its position in shares of SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after purchasing an additional 77 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of SAP during the first quarter worth about $53,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SAP shares. Barclays reissued an “overweight” rating and set a $308.00 price target (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Piper Sandler began coverage on SAP in a report on Tuesday, June 17th. They set an “overweight” rating on the stock. Wall Street Zen raised SAP from a “hold” rating to a “buy” rating in a report on Sunday, June 29th. JMP Securities reaffirmed a “market outperform” rating and set a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Friday, May 2nd. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $271.83.

SAP Stock Performance

NYSE:SAP opened at $301.33 on Wednesday. The stock’s fifty day moving average is $299.11 and its 200 day moving average is $280.14. SAP SE has a fifty-two week low of $194.93 and a fifty-two week high of $313.28. The firm has a market capitalization of $370.19 billion, a PE ratio of 57.73, a PEG ratio of 4.25 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. On average, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

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.