AQR Capital Management LLC Boosts Stock Position in SAP SE (NYSE:SAP)

AQR Capital Management LLC increased its holdings in shares of SAP SE (NYSE:SAP) by 55.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,423 shares of the software maker’s stock after buying an additional 1,580 shares during the period. AQR Capital Management LLC’s holdings in SAP were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

SAP has been the subject of several research reports. JMP Securities boosted their price target on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. TD Cowen upped their target price on shares of 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 shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. BMO Capital Markets boosted 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. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $232.17.

SAP Stock Up 1.5 %

Shares of NYSE SAP opened at $228.15 on Friday. The company has a market capitalization of $280.28 billion, a P/E ratio of 98.34, a P/E/G ratio of 4.40 and a beta of 1.25. SAP SE has a 1 year low of $127.30 and a 1 year high of $231.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The company has a 50 day simple moving average of $218.72 and a 200-day simple moving average of $202.20.

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

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.