Dorsey Wright & Associates Has $4.63 Million Stake in SAP SE (SAP)
Dorsey Wright & Associates grew its holdings in shares of SAP SE (NYSE:SAP) by 44.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,602 shares of the software maker’s stock after buying an additional 12,797 shares during the quarter. Dorsey Wright & Associates’ holdings in SAP SE were worth $4,626,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SAP. Parallel Advisors LLC grew its stake in SAP SE by 32.4% in the second quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after purchasing an additional 234 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in SAP SE in the second quarter worth approximately $132,000. IFP Advisors Inc grew its stake in SAP SE by 29.4% in the second quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after purchasing an additional 331 shares in the last quarter. Fiduciary Trust Co. bought a new position in SAP SE in the second quarter worth approximately $157,000. Finally, Huntington National Bank grew its stake in SAP SE by 1.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after purchasing an additional 24 shares in the last quarter. 3.63% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on SAP. Royal Bank Of Canada reissued a “neutral” rating on shares of SAP SE in a research note on Monday, October 16th. Morgan Stanley reissued a “buy” rating on shares of SAP SE in a research note on Monday, October 16th. BMO Capital Markets reissued a “hold” rating and issued a $110.00 price objective on shares of SAP SE in a research note on Friday, October 13th. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a research note on Thursday, October 19th. Finally, Berenberg Bank began coverage on SAP SE in a research note on Wednesday, August 23rd. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $106.45.
Shares of SAP SE (NYSE SAP) traded down $0.05 on Monday, hitting $112.59. The stock had a trading volume of 486,900 shares, compared to its average volume of 722,428. SAP SE has a 12-month low of $80.93 and a 12-month high of $116.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $138,373.11, a price-to-earnings ratio of 31.36, a PEG ratio of 3.25 and a beta of 1.14.
SAP SE (NYSE:SAP) last issued its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. SAP SE had a return on equity of 15.43% and a net margin of 15.80%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.68 billion. The company’s quarterly revenue was up 4.0% on a year-over-year basis. research analysts forecast that SAP SE will post 4.13 earnings per share for the current fiscal year.
SAP SE announced that its Board of Directors has approved a stock repurchase plan on Thursday, July 20th that allows the company to buyback shares. This buyback authorization allows the software maker to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
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SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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