Brown Advisory Inc. Purchases 3,893 Shares of SAP SE $SAP

Brown Advisory Inc. raised its holdings in shares of SAP SE (NYSE:SAP) by 254.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,422 shares of the software maker’s stock after purchasing an additional 3,893 shares during the quarter. Brown Advisory Inc.’s holdings in SAP were worth $1,649,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Contravisory Investment Management Inc. increased its position in shares of SAP by 3.2% during the second quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock worth $338,000 after acquiring an additional 34 shares in the last quarter. Sage Rhino Capital LLC boosted its stake in SAP by 1.1% during the 2nd quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock valued at $1,045,000 after purchasing an additional 37 shares during the last quarter. State of Wyoming increased its holdings in SAP by 11.6% during the 1st quarter. State of Wyoming now owns 384 shares of the software maker’s stock worth $103,000 after purchasing an additional 40 shares in the last quarter. Tritonpoint Wealth LLC raised its stake in shares of SAP by 1.2% in the second quarter. Tritonpoint Wealth LLC now owns 3,728 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 45 shares during the last quarter. Finally, Palogic Value Management L.P. lifted its holdings in shares of SAP by 0.8% in the second quarter. Palogic Value Management L.P. now owns 6,013 shares of the software maker’s stock valued at $1,829,000 after purchasing an additional 50 shares in the last quarter.

Analyst Upgrades and Downgrades

SAP has been the subject of several recent research reports. Erste Group Bank downgraded SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. BMO Capital Markets reduced their target price on shares of SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Oddo Bhf upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. JMP Securities reiterated a “market outperform” rating and issued a $375.00 price objective on shares of SAP in a research note on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of SAP in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, SAP has a consensus rating of “Buy” and a consensus price target of $284.33.

SAP Price Performance

SAP stock opened at $245.90 on Thursday. The business’s 50 day simple moving average is $257.03 and its 200 day simple moving average is $276.01. SAP SE has a 12 month low of $233.51 and a 12 month high of $313.28. The company has a market cap of $302.09 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 3.51 and a beta of 1.19. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last released its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business 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 business posted $1.23 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts forecast that SAP SE will post 6.55 EPS 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.