Aviso Financial Inc. Raises Stock Holdings in SAP SE $SAP

Aviso Financial Inc. boosted its position in SAP SE (NYSE:SAP) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 283,560 shares of the software maker’s stock after purchasing an additional 4,259 shares during the quarter. SAP makes up 3.1% of Aviso Financial Inc.’s portfolio, making the stock its 11th biggest position. Aviso Financial Inc.’s holdings in SAP were worth $75,770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. lifted its position in SAP by 3.1% during the 3rd quarter. American Century Companies Inc. now owns 117,090 shares of the software maker’s stock valued at $31,288,000 after acquiring an additional 3,543 shares during the period. Harvest Portfolios Group Inc. increased its stake in shares of SAP by 25.8% during the third quarter. Harvest Portfolios Group Inc. now owns 1,450 shares of the software maker’s stock valued at $387,000 after purchasing an additional 297 shares in the last quarter. Argent Trust Co lifted its holdings in shares of SAP by 3.0% during the third quarter. Argent Trust Co now owns 2,584 shares of the software maker’s stock valued at $690,000 after purchasing an additional 75 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of SAP in the 3rd quarter worth approximately $5,183,000. Finally, Accredited Wealth Management LLC grew its stake in shares of SAP by 520.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 310 shares of the software maker’s stock worth $83,000 after buying an additional 260 shares during the last quarter.

SAP Price Performance

Shares of NYSE:SAP opened at $201.42 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.10 and a current ratio of 1.17. The firm has a market cap of $247.45 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The business has a 50-day simple moving average of $223.22 and a two-hundred day simple moving average of $247.43. SAP SE has a fifty-two week low of $189.22 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. SAP had a net margin of 19.92% and a return on equity of 16.52%. The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Piper Sandler started coverage on SAP in a research note on Tuesday, February 3rd. They set an “overweight” rating for the company. Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of SAP in a research report on Friday, January 30th. Zacks Research raised shares of SAP from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings upgraded shares of SAP from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $305.75.

About SAP

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.