E Fund Management Hong Kong Co. Ltd. Increases Stock Holdings in SAP SE $SAP

E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of SAP SE (NYSE:SAP) by 124.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 445 shares of the software maker’s stock after buying an additional 247 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in SAP were worth $135,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its position in shares of SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock valued at $26,000 after buying an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in SAP in the second quarter worth $31,000. Highline Wealth Partners LLC boosted its position in SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after purchasing an additional 77 shares during the last quarter. Finally, Dagco Inc. purchased a new position in SAP in the first quarter worth $45,000.

SAP Stock Performance

NYSE:SAP opened at $277.26 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. SAP SE has a 52-week low of $223.70 and a 52-week high of $313.28. The firm has a market cap of $340.61 billion, a price-to-earnings ratio of 45.90, a PEG ratio of 3.94 and a beta of 1.28. The business’s fifty day moving average is $272.19 and its 200 day moving average is $282.39.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the company posted $1.10 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Research analysts predict that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on SAP. Weiss Ratings reissued a “buy (b)” rating on shares of SAP in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Tuesday, September 16th. Barclays reissued an “overweight” rating and issued a $322.00 price objective (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. Piper Sandler assumed coverage on SAP in a research report on Tuesday, June 17th. They issued an “overweight” rating on the stock. Finally, Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $281.67.

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.