Caprock Group LLC Acquires New Shares in SAP SE $SAP

Caprock Group LLC acquired a new position in shares of SAP SE (NYSE:SAP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,410 shares of the software maker’s stock, valued at approximately $5,827,000.

Several other large investors have also recently bought and sold shares of SAP. Brighton Jones LLC increased its stake in shares of SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock valued at $648,000 after buying an additional 1,255 shares during the period. Baird Financial Group Inc. bought a new stake in SAP during the 1st quarter worth approximately $242,000. AQR Capital Management LLC increased its position in SAP by 49.0% in the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock valued at $4,378,000 after acquiring an additional 5,363 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of SAP during the first quarter valued at $2,681,000. Finally, Sivia Capital Partners LLC grew its stake in shares of SAP by 2.3% in the second quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after purchasing an additional 69 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SAP shares. Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research report on Monday, October 27th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Friday, October 31st. TD Cowen reissued a “buy” rating on shares of SAP in a research report on Friday, January 30th. Finally, Barclays set a $283.00 price target on shares of SAP in a research report on Monday, February 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Down 4.5%

Shares of NYSE SAP opened at $202.65 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The firm has a market cap of $248.95 billion, a PE ratio of 28.74, a P/E/G ratio of 2.36 and a beta of 1.17. The company’s fifty day simple moving average is $233.52 and its 200 day simple moving average is $254.57. SAP SE has a 12-month low of $189.22 and a 12-month high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.13. The firm had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.52%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 earnings per share. As a group, sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

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.