SAP SE $SAP Shares Acquired by Saturna Capital Corp

Saturna Capital Corp lifted its holdings in shares of SAP SE (NYSE:SAP) by 22.9% during the second quarter, Holdings Channel reports. The fund owned 19,949 shares of the software maker’s stock after purchasing an additional 3,722 shares during the quarter. Saturna Capital Corp’s holdings in SAP were worth $6,067,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vermillion Wealth Management Inc. acquired a new position in shares of SAP in the 2nd quarter valued at approximately $31,000. Motco increased its stake in shares of SAP by 400.0% in the second quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after buying an additional 100 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in SAP during the 2nd quarter valued at $38,000. Solstein Capital LLC acquired a new position in SAP during the 2nd quarter worth $40,000. Finally, Dagco Inc. acquired a new stake in shares of SAP in the 1st quarter valued at about $45,000.

SAP Stock Down 0.3%

SAP stock opened at $238.20 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.11. SAP SE has a one year low of $229.72 and a one year high of $313.28. The company has a 50-day simple moving average of $263.97 and a 200-day simple moving average of $282.03. The firm has a market capitalization of $292.63 billion, a P/E ratio of 35.66, a P/E/G ratio of 3.83 and a beta of 1.18.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SAP. JMP Securities reissued a “market outperform” rating and issued a $375.00 price objective on shares of SAP in a report on Thursday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Friday, October 31st. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a report on Monday, October 27th. Barclays lifted their price target on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Finally, Cowen reissued a “buy” rating on shares of SAP in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $284.33.

SAP 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.