Yousif Capital Management LLC Has $4.70 Million Holdings in SAP SE $SAP

Yousif Capital Management LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 7.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 15,453 shares of the software maker’s stock after buying an additional 1,054 shares during the quarter. Yousif Capital Management LLC’s holdings in SAP were worth $4,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC raised 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 raised its position in shares of SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock valued at $29,000 after buying an additional 66 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of SAP during the second quarter valued at about $31,000. Dagco Inc. acquired a new position in shares of SAP during the first quarter valued at about $45,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of SAP during the first quarter valued at about $53,000.

Analysts Set New Price Targets

Several brokerages have issued reports on SAP. Barclays reissued an “overweight” rating and issued a $322.00 price target (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. JMP Securities boosted their price target on shares of SAP from $330.00 to $375.00 and gave the company a “market outperform” rating in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Morgan Stanley reissued an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Finally, Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $281.67.

SAP Stock Up 0.3%

Shares of NYSE:SAP opened at $270.54 on Wednesday. SAP SE has a 12 month low of $227.52 and a 12 month high of $313.28. The company’s 50-day moving average price is $271.05 and its two-hundred day moving average price is $282.42. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The firm has a market cap of $332.36 billion, a P/E ratio of 44.79, a P/E/G ratio of 4.01 and a beta of 1.28.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The firm had revenue of $10.58 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. As a group, research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

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.