Investors Research Corp Raises Stock Holdings in SAP SE $SAP

Investors Research Corp raised its stake in SAP SE (NYSE:SAP) by 5,409.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,030 shares of the software maker’s stock after buying an additional 2,975 shares during the quarter. Investors Research Corp’s holdings in SAP were worth $467,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Bayban acquired a new stake in shares of SAP during the fourth quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of SAP by 758.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after acquiring an additional 129 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in shares of SAP by 83.8% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock worth $45,000 after acquiring an additional 67 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of SAP during the 3rd quarter worth approximately $49,000. Finally, Front Row Advisors LLC boosted its position in shares of SAP by 362.5% during the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock worth $32,000 after purchasing an additional 145 shares during the period.

SAP Trading Down 1.1%

NYSE SAP opened at $209.66 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $257.56 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 2.52 and a beta of 1.14. The firm has a 50 day simple moving average of $183.73 and a 200-day simple moving average of $180.30. SAP SE has a one year low of $144.97 and a one year high of $281.36.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.18). The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.30 billion. SAP had a return on equity of 17.07% and a net margin of 20.88%.SAP’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 earnings per share. Equities research analysts anticipate that SAP SE will post 8.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. UBS Group lowered SAP from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Jefferies Financial Group cut SAP from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. The Goldman Sachs Group restated a “buy” rating and set a $265.00 price target on shares of SAP in a research report on Wednesday, June 10th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of SAP in a research note on Wednesday, August 12th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.83.

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.