SAP SE (NYSE:SAP) Shares Purchased by Confluence Investment Management LLC

Confluence Investment Management LLC lifted its holdings in SAP SE (NYSE:SAP) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,641 shares of the software maker’s stock after purchasing an additional 72 shares during the quarter. Confluence Investment Management LLC’s holdings in SAP were worth $936,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SAP. Capital International Investors lifted its position in SAP by 8.1% during the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after acquiring an additional 746,386 shares during the period. Westfield Capital Management Co. LP acquired a new stake in SAP during the 1st quarter worth about $58,936,000. Verity & Verity LLC acquired a new stake in SAP during the 1st quarter worth about $35,000. International Assets Investment Management LLC acquired a new stake in SAP during the 4th quarter worth about $17,255,000. Finally, Principal Financial Group Inc. lifted its position in SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after acquiring an additional 108,729 shares during the period.

SAP Price Performance

Shares of SAP stock traded down $0.84 on Friday, hitting $204.72. The company’s stock had a trading volume of 1,144,568 shares, compared to its average volume of 849,757. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. SAP SE has a 1 year low of $126.75 and a 1 year high of $214.94. The firm has a fifty day moving average price of $197.84 and a 200-day moving average price of $189.29.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same quarter in the previous year, the business earned $0.71 EPS. SAP’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts forecast that SAP SE will post 4.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. BMO Capital Markets lifted their price target on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Sanford C. Bernstein assumed coverage on SAP in a research note on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective for the company. StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. TD Cowen lifted their price objective on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, JMP Securities lifted their price objective on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and an average price target of $225.17.

SAP Company 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.