SAP SE $SAP Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of SAP SE (NYSE:SAP) by 6.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,547 shares of the software maker’s stock after buying an additional 7,165 shares during the quarter. American Century Companies Inc.’s holdings in SAP were worth $34,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. acquired a new position in shares of SAP in the second quarter valued at approximately $31,000. Princeton Global Asset Management LLC purchased a new position in SAP in the 2nd quarter valued at $38,000. Motco increased its stake in SAP by 400.0% in the 2nd quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after buying an additional 100 shares during the period. Solstein Capital LLC purchased a new position in SAP during the 2nd quarter worth $40,000. Finally, Evelyn Partners Investment Management Services Ltd lifted its stake in shares of SAP by 144.6% in the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 159 shares of the software maker’s stock worth $48,000 after acquiring an additional 94 shares during the period.

SAP Trading Up 0.7%

NYSE:SAP opened at $241.75 on Friday. SAP SE has a 52-week low of $233.51 and a 52-week high of $313.28. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $260.50 and a 200-day simple moving average of $278.93. The company has a market capitalization of $296.99 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the firm posted $1.23 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SAP shares. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Barclays boosted their target price on SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. BMO Capital Markets reduced their price target on SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of SAP in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, SAP has a consensus rating of “Buy” and an average target price of $284.33.

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.