GAMMA Investing LLC Buys 743 Shares of SAP SE (NYSE:SAP)

GAMMA Investing LLC boosted its holdings in SAP SE (NYSE:SAP) by 25.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,668 shares of the software maker’s stock after purchasing an additional 743 shares during the quarter. GAMMA Investing LLC’s holdings in SAP were worth $840,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates grew its position in shares of SAP by 3.7% in the second quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock valued at $127,473,000 after purchasing an additional 22,438 shares in the last quarter. Principal Financial Group Inc. boosted its position in SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after buying an additional 108,729 shares during the period. Westfield Capital Management Co. LP bought a new position in SAP during the 1st quarter worth approximately $58,936,000. NewEdge Advisors LLC increased its stake in shares of SAP by 8.6% in the second quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after buying an additional 15,604 shares during the period. Finally, Sei Investments Co. raised its stake in shares of SAP by 4.2% during the second quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock valued at $33,941,000 after acquiring an additional 6,785 shares during the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $226.63 on Wednesday. The company has a market capitalization of $278.41 billion, a PE ratio of 49.16, a P/E/G ratio of 4.32 and a beta of 1.25. The company has a 50-day simple moving average of $217.12 and a two-hundred day simple moving average of $201.36. SAP SE has a one year low of $127.30 and a one year high of $231.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. Research analysts expect that SAP SE will post 4.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAP. JMP Securities raised their price target on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. TD Cowen raised their price objective on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Barclays upped their price target on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets upped their price target on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $232.17.

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.