AMF Tjanstepension AB Raises Stock Holdings in SAP SE $SAP

AMF Tjanstepension AB raised its stake in SAP SE (NYSE:SAP) by 118.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,679 shares of the software maker’s stock after purchasing an additional 62,842 shares during the period. AMF Tjanstepension AB’s holdings in SAP were worth $30,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SAP. First PREMIER Bank bought a new stake in shares of SAP in the 3rd quarter valued at about $25,000. Retirement Wealth Solutions LLC lifted its position in SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after acquiring an additional 69 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in SAP during the second quarter valued at approximately $31,000. Albion Financial Group UT boosted its stake in SAP by 56.8% in the third quarter. Albion Financial Group UT now owns 127 shares of the software maker’s stock valued at $34,000 after acquiring an additional 46 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in SAP by 424.0% in the third quarter. True Wealth Design LLC now owns 131 shares of the software maker’s stock worth $35,000 after purchasing an additional 106 shares during the last quarter.

SAP Stock Up 2.0%

SAP stock opened at $230.92 on Friday. The company has a market capitalization of $283.68 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 2.81 and a beta of 1.18. SAP SE has a 12 month low of $220.89 and a 12 month high of $313.28. The firm’s fifty day simple moving average is $240.90 and its 200-day simple moving average is $262.82. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $9.10 billion. During the same quarter last year, the company posted $1.23 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. BMO Capital Markets decreased their price objective on SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Arete Research raised SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Friday, October 31st. Argus restated a “buy” rating and set a $320.00 price target on shares of SAP in a research note on Friday, October 24th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SAP in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $280.20.

About SAP

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.