Acadian Asset Management LLC Boosts Stake in SAP SE $SAP

Acadian Asset Management LLC increased its position in SAP SE (NYSE:SAP) by 92.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 7,262 shares of the software maker’s stock after purchasing an additional 3,487 shares during the period. Acadian Asset Management LLC’s holdings in SAP were worth $1,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. TD Asset Management Inc lifted its holdings in shares of SAP by 3.8% in the 1st quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker’s stock valued at $446,364,000 after purchasing an additional 60,261 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of SAP by 2.8% in the 1st quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker’s stock valued at $406,076,000 after purchasing an additional 40,926 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after purchasing an additional 80,164 shares during the last quarter. GAMMA Investing LLC raised its stake in SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock valued at $350,644,000 after acquiring an additional 1,302,061 shares during the last quarter. Finally, WCM Investment Management LLC raised its stake in SAP by 5.5% during the 1st quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock valued at $329,395,000 after acquiring an additional 63,538 shares during the last quarter.

SAP Stock Performance

NYSE SAP opened at $253.85 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $281.96 and its two-hundred day moving average is $282.76. SAP SE has a 12-month low of $217.51 and a 12-month high of $313.28. The stock has a market capitalization of $311.85 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 3.62 and a beta of 1.29.

SAP (NYSE:SAP) last released its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion for the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. Research analysts expect that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. BMO Capital Markets upped their price objective on SAP from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, May 23rd. Barclays reaffirmed an “overweight” rating and set a $322.00 price objective (up from $308.00) on shares of SAP in a research note on Friday, July 25th. Wall Street Zen raised SAP from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Finally, JMP Securities upped their price objective on SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $281.67.

SAP 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.