Bleakley Financial Group LLC Purchases 3,709 Shares of SAP SE $SAP

Bleakley Financial Group LLC increased its position in SAP SE (NYSE:SAP) by 16.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 26,720 shares of the software maker’s stock after acquiring an additional 3,709 shares during the period. Bleakley Financial Group LLC’s holdings in SAP were worth $4,575,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Binnacle Investments Inc lifted its stake in SAP by 14.2% in the third quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock valued at $90,000 after acquiring an additional 42 shares during the last quarter. Spire Wealth Management boosted its holdings in SAP by 6.2% in the fourth quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock worth $180,000 after purchasing an additional 43 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in SAP by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 4,495 shares of the software maker’s stock worth $1,355,000 after purchasing an additional 43 shares in the last quarter. Euro Pacific Asset Management LLC increased its position in SAP by 5.7% during the fourth quarter. Euro Pacific Asset Management LLC now owns 870 shares of the software maker’s stock worth $213,000 after buying an additional 47 shares during the last quarter. Finally, Modera Wealth Management LLC raised its holdings in SAP by 1.2% during the fourth quarter. Modera Wealth Management LLC now owns 3,912 shares of the software maker’s stock valued at $950,000 after buying an additional 48 shares in the last quarter.

SAP Stock Performance

Shares of NYSE SAP opened at $155.06 on Wednesday. SAP SE has a 12 month low of $148.06 and a 12 month high of $309.73. The company has a market cap of $190.49 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.83 and a beta of 1.14. The business’s 50 day moving average is $167.75 and its two-hundred day moving average is $188.97. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11.

SAP (NYSE:SAP) last posted its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The company had revenue of $11.06 billion during the quarter. On average, equities analysts expect that SAP SE will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SAP. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a research report on Tuesday, March 24th. Barclays increased their price objective on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $265.00 price objective on shares of SAP in a research note on Wednesday, June 10th. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Finally, Santander upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.40.

SAP 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.