Integrated Quantitative Investments LLC Acquires New Position in SAP SE $SAP

Integrated Quantitative Investments LLC bought a new position in SAP SE (NYSE:SAP) during the second quarter, Holdings Channel.com reports. The fund bought 3,904 shares of the software maker’s stock, valued at approximately $1,187,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Twin Tree Management LP grew its stake in SAP by 122.5% in the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock worth $13,860,000 after purchasing an additional 280,896 shares in the last quarter. Trivest Advisors Ltd purchased a new stake in shares of SAP in the 2nd quarter worth $52,305,000. Jennison Associates LLC lifted its holdings in shares of SAP by 195.0% in the 2nd quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock worth $67,312,000 after buying an additional 146,325 shares during the period. Deutsche Bank AG grew its position in shares of SAP by 2,105.3% during the 1st quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock worth $28,256,000 after buying an additional 100,487 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after buying an additional 80,164 shares during the period.

Wall Street Analysts Forecast Growth

SAP has been the topic of several recent research reports. JMP Securities reiterated a “market outperform” rating and set a $375.00 target price on shares of SAP in a report on Thursday, October 23rd. BMO Capital Markets dropped their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. KeyCorp reissued an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research report on Monday, October 27th. Finally, Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, SAP has a consensus rating of “Buy” and an average target price of $284.33.

SAP Price Performance

Shares of SAP opened at $245.02 on Friday. The company has a 50 day moving average of $265.26 and a two-hundred day moving average of $282.90. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. SAP SE has a twelve month low of $227.52 and a twelve month high of $313.28. The company has a market cap of $301.01 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating the consensus estimate of $1.69 by $0.17. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 EPS. As a group, analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

About SAP

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.