Neuberger Berman Group LLC Raises Holdings in SAP SE $SAP

Neuberger Berman Group LLC boosted its position in SAP SE (NYSE:SAP) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 264,583 shares of the software maker’s stock after purchasing an additional 23,535 shares during the quarter. Neuberger Berman Group LLC’s holdings in SAP were worth $70,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAP. First PREMIER Bank acquired a new stake in shares of SAP in the third quarter valued at about $25,000. Retirement Wealth Solutions LLC lifted its stake in shares of SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after buying an additional 69 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in SAP during the third quarter worth about $27,000. Copia Wealth Management acquired a new position in SAP during the third quarter worth about $28,000. Finally, Guerra Advisors Inc purchased a new stake in SAP during the 3rd quarter valued at about $31,000.

SAP Trading Up 1.3%

Shares of SAP stock opened at $202.09 on Friday. The stock has a 50 day moving average of $218.45 and a 200 day moving average of $244.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $248.27 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.21 and a beta of 1.18. SAP SE has a fifty-two week low of $187.93 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last posted its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The company had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analyst Weigh In

SAP has been the topic of a number of research reports. Arete Research raised shares of SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Zacks Research cut SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday. Santander upgraded SAP to a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Piper Sandler assumed coverage on SAP in a research note on Tuesday, February 3rd. They set an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.