American Century Companies Inc. Grows Stake in SAP SE $SAP

American Century Companies Inc. grew its stake in shares of SAP SE (NYSE:SAP) by 3.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 117,090 shares of the software maker’s stock after acquiring an additional 3,543 shares during the period. American Century Companies Inc.’s holdings in SAP were worth $31,288,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. First PREMIER Bank purchased a new stake in SAP in the third quarter worth $25,000. Retirement Wealth Solutions LLC lifted its position in shares of SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after buying an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of SAP during the 3rd quarter valued at $27,000. Copia Wealth Management bought a new position in shares of SAP during the 3rd quarter worth $28,000. Finally, Guerra Advisors Inc purchased a new stake in SAP in the 3rd quarter worth about $31,000.

Analyst Ratings Changes

SAP has been the topic of a number of research reports. Arete Research upgraded SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Citizens Jmp lowered shares of SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. BMO Capital Markets restated an “outperform” rating on shares of SAP in a research note on Friday, January 30th. Finally, Citigroup downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $305.75.

SAP Stock Up 1.3%

Shares of NYSE SAP opened at $202.09 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company has a market cap of $248.27 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.24 and a beta of 1.18. SAP SE has a 52 week low of $187.93 and a 52 week high of $313.28. The business has a 50-day simple moving average of $218.45 and a two-hundred day simple moving average of $244.66.

SAP (NYSE:SAP) last announced 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. SAP had a return on equity of 16.54% and a net margin of 19.92%.The firm had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Research analysts anticipate 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.