American Century Companies Inc. Increases Stock Holdings in SAP SE (NYSE:SAP)

American Century Companies Inc. increased its position in shares of SAP SE (NYSE:SAP) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,077 shares of the software maker’s stock after purchasing an additional 4,037 shares during the period. American Century Companies Inc.’s holdings in SAP were worth $15,346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Modera Wealth Management LLC raised its position in shares of SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock valued at $754,000 after buying an additional 50 shares during the period. Great Valley Advisor Group Inc. lifted its stake in shares of SAP by 3.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after purchasing an additional 51 shares during the last quarter. RFP Financial Group LLC grew its holdings in shares of SAP by 17.5% during the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after purchasing an additional 52 shares during the period. PFG Investments LLC increased its position in shares of SAP by 2.6% during the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock worth $490,000 after purchasing an additional 61 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in SAP by 32.6% in the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock valued at $49,000 after buying an additional 62 shares during the period.

Analyst Ratings Changes

A number of brokerages have weighed in on SAP. JMP Securities lifted their price target on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. BMO Capital Markets lifted their target price on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays raised their price target on SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, TD Cowen boosted their price objective on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $232.00.

SAP Trading Down 0.1 %

NYSE:SAP opened at $228.81 on Friday. SAP SE has a 12-month low of $126.75 and a 12-month high of $230.19. The firm has a market cap of $269.90 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 4.34 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $212.75 and a 200 day moving average price of $198.59.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts anticipate that SAP SE will post 4.83 earnings per share for the current fiscal year.

SAP Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.