Dara Capital US Inc. Takes Position in SAP SE $SAP

Dara Capital US Inc. bought a new stake in SAP SE (NYSE:SAP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,757 shares of the software maker’s stock, valued at approximately $3,342,000. SAP accounts for about 3.0% of Dara Capital US Inc.’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fisher Asset Management LLC increased its stake in SAP by 2.8% in the third quarter. Fisher Asset Management LLC now owns 14,549,331 shares of the software maker’s stock valued at $3,887,727,000 after acquiring an additional 392,010 shares during the period. Bank of America Corp DE increased its stake in SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after acquiring an additional 973,779 shares during the period. Windacre Partnership LLC increased its stake in SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after acquiring an additional 1,336,325 shares during the period. Northern Trust Corp grew its position in SAP by 3.2% in the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after acquiring an additional 49,111 shares during the period. Finally, Ameriprise Financial Inc. grew its position in SAP by 2.8% in the third quarter. Ameriprise Financial Inc. now owns 1,120,408 shares of the software maker’s stock valued at $296,828,000 after acquiring an additional 30,806 shares during the period.

SAP Price Performance

Shares of SAP stock opened at $163.12 on Friday. The stock’s fifty day moving average is $189.54 and its 200-day moving average is $228.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $200.39 billion, a PE ratio of 23.14, a PEG ratio of 1.84 and a beta of 1.24. SAP SE has a 52 week low of $160.66 and a 52 week high of $313.28.

SAP (NYSE:SAP) last announced its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.77 by $0.13. The company had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. SAP had a return on equity of 16.54% and a net margin of 19.92%.The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 earnings per share. Equities research analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. HSBC upgraded SAP to a “hold” rating in a research report on Tuesday, January 20th. Santander upgraded SAP to a “neutral” rating in a research report on Tuesday, February 3rd. TD Cowen reiterated a “buy” rating on shares of SAP in a research report on Wednesday, March 18th. Barclays set a $283.00 price target on SAP in a research report on Monday, February 2nd. Finally, Zacks Research cut SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and an average target price of $305.75.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.