Ameriprise Financial Inc. Increases Stock Position in SAP SE $SAP

Ameriprise Financial Inc. lifted its stake in SAP SE (NYSE:SAP) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,120,408 shares of the software maker’s stock after acquiring an additional 30,806 shares during the quarter. Ameriprise Financial Inc. owned 0.09% of SAP worth $296,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First PREMIER Bank bought a new stake in SAP in the 3rd quarter worth approximately $25,000. Retirement Wealth Solutions LLC boosted its stake in shares of SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after buying an additional 69 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of SAP in the third quarter worth $27,000. Copia Wealth Management bought a new stake in shares of SAP in the third quarter worth $28,000. Finally, Guerra Advisors Inc purchased a new stake in SAP during the third quarter valued at $31,000.

Analyst Ratings Changes

SAP has been the topic of a number of recent research reports. BMO Capital Markets reissued an “outperform” rating on shares of SAP in a report on Friday, January 30th. Citizens Jmp lowered shares of SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Piper Sandler initiated coverage on shares of SAP in a research note on Tuesday, February 3rd. They issued an “overweight” rating on the stock. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Barclays set a $283.00 target price on shares of SAP in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $305.75.

SAP Stock Performance

SAP opened at $191.54 on Tuesday. 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 $235.30 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 2.11 and a beta of 1.18. The company has a fifty day moving average of $212.57 and a 200 day moving average of $241.14. SAP SE has a fifty-two week low of $187.93 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last announced its quarterly 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 business had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.40 EPS. 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.