Ruane Cunniff & Goldfarb L.P. Acquires 703,982 Shares of SAP SE $SAP

Ruane Cunniff & Goldfarb L.P. grew its stake in SAP SE (NYSE:SAP) by 1,532.8% during the first quarter, HoldingsChannel.com reports. The firm owned 749,909 shares of the software maker’s stock after buying an additional 703,982 shares during the period. SAP makes up about 2.1% of Ruane Cunniff & Goldfarb L.P.’s holdings, making the stock its 18th biggest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in SAP were worth $128,392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sound Income Strategies LLC grew its stake in shares of SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 58 shares during the period. Bayban bought a new stake in SAP in the fourth quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after buying an additional 129 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake in SAP by 83.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock valued at $45,000 after buying an additional 67 shares during the period. Finally, American National Bank & Trust boosted its holdings in SAP by 641.7% during the fourth quarter. American National Bank & Trust now owns 178 shares of the software maker’s stock worth $43,000 after buying an additional 154 shares during the last quarter.

Key SAP News

Here are the key news stories impacting SAP this week:

• Positive Sentiment: An analyst-driven rally appears to be the main catalyst. SAP shares moved higher following an analyst upgrade, reinforcing investor confidence in the software maker’s outlook. SAP Shares Gap Up Following Analyst Upgrade
• Positive Sentiment: SAP’s effort to “build AI at scale” for enterprise customers supports the company’s cloud-transformation strategy and could strengthen demand for its software, data, and AI offerings. SAP aims to build AI at scale for the enterprise
• Positive Sentiment: Barclays retained an “overweight” rating and continues to see substantial long-term upside, even after reducing its SAP price target from $255 to $242. Barclays SAP price-target update
• Neutral Sentiment: Approaching support deadlines for older SAP systems are prompting customers to plan ECC6 replacements and compliance-focused migrations. This may create implementation and cloud opportunities for SAP, although customers face added costs and execution complexity. Home Affairs starts scoping SAP ECC6 replacement
• Negative Sentiment: Coverage highlighting compliance gaps in SAP’s Joule AI deployments and the work customers must complete before migration underscores potential regulatory, security, and adoption risks. SAP Joule compliance concerns

SAP Stock Up 6.9%

NYSE:SAP opened at $171.07 on Tuesday. SAP SE has a 1 year low of $144.97 and a 1 year high of $299.48. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The stock has a market cap of $210.16 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.84 and a beta of 1.14. The stock has a 50-day moving average price of $165.51 and a two-hundred day moving average price of $183.57.

SAP (NYSE:SAP) last announced its quarterly earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The company had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.16% and a net margin of 20.88%. As a group, equities analysts expect that SAP SE will post 8.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $265.00 target price on shares of SAP in a research report on Wednesday, June 10th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. Oppenheimer reissued a “market perform” rating on shares of SAP in a research note on Friday. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. Finally, Weiss Ratings downgraded shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.83.

SAP Profile

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.