SAP SE (NYSE:SAP) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its position in shares of SAP SE (NYSE:SAP) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,279 shares of the software maker’s stock after buying an additional 324 shares during the quarter. Rhumbline Advisers’ holdings in SAP were worth $4,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of SAP during the 1st quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new stake in SAP in the first quarter valued at approximately $25,000. POM Investment Strategies LLC increased its position in shares of SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of SAP during the 1st quarter valued at approximately $29,000.

SAP Stock Up 0.1 %

SAP stock opened at $221.28 on Monday. SAP SE has a 1 year low of $126.75 and a 1 year high of $222.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50 day simple moving average of $210.48 and a 200-day simple moving average of $197.45.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price target on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. TD Cowen lifted their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Barclays increased their target price on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Finally, Sanford C. Bernstein assumed coverage on SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average target price of $232.00.

SAP Company 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.