SAP SE $SAP Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC increased its position in shares of SAP SE (NYSE:SAP) by 13.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,226 shares of the software maker’s stock after purchasing an additional 964 shares during the quarter. Acadian Asset Management LLC’s holdings in SAP were worth $2,500,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vermillion Wealth Management Inc. acquired a new position in shares of SAP in the 2nd quarter valued at about $31,000. Motco lifted its holdings in SAP by 400.0% in the second quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in SAP in the second quarter valued at approximately $38,000. Solstein Capital LLC acquired a new position in SAP in the second quarter valued at approximately $40,000. Finally, Dagco Inc. bought a new position in shares of SAP during the first quarter valued at approximately $45,000.

SAP Trading Down 2.7%

Shares of NYSE:SAP opened at $245.02 on Friday. The company has a 50 day moving average of $265.26 and a 200-day moving average of $282.96. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The firm has a market cap of $301.01 billion, a P/E ratio of 36.68, a P/E/G ratio of 3.83 and a beta of 1.18. SAP SE has a twelve month low of $227.52 and a twelve month high of $313.28.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, topping the consensus estimate of $1.69 by $0.17. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 earnings per share. As a group, analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SAP shares. JMP Securities reissued a “market outperform” rating and issued a $375.00 price target on shares of SAP in a report on Thursday, October 23rd. Wall Street Zen cut SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of SAP in a report on Friday, October 31st. BMO Capital Markets dropped their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Finally, Barclays boosted their target price on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $284.33.

SAP Company 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.