Harbor Capital Advisors Inc. Boosts Stake in SAP SE (NYSE:SAP)

Harbor Capital Advisors Inc. raised its holdings in SAP SE (NYSE:SAP) by 99.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,683 shares of the software maker’s stock after acquiring an additional 1,834 shares during the period. Harbor Capital Advisors Inc.’s holdings in SAP were worth $743,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Bessemer Group Inc. grew its position in SAP by 32.6% in the first quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock worth $49,000 after acquiring an additional 62 shares during the period. Argonautica Private Wealth Management Inc. raised its stake in shares of SAP by 2.6% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 2,509 shares of the software maker’s stock valued at $388,000 after acquiring an additional 63 shares during the period. Haverford Trust Co boosted its position in shares of SAP by 1.2% during the 1st quarter. Haverford Trust Co now owns 5,594 shares of the software maker’s stock worth $1,091,000 after purchasing an additional 65 shares during the period. Sage Rhino Capital LLC increased its holdings in SAP by 2.0% in the 1st quarter. Sage Rhino Capital LLC now owns 3,418 shares of the software maker’s stock valued at $667,000 after purchasing an additional 67 shares during the last quarter. Finally, Confluence Investment Management LLC raised its position in SAP by 1.6% in the second quarter. Confluence Investment Management LLC now owns 4,641 shares of the software maker’s stock valued at $936,000 after purchasing an additional 72 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SAP. JMP Securities raised their price objective on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Sanford C. Bernstein initiated coverage on SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price objective on the stock. BMO Capital Markets boosted their target price on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and a consensus price target of $225.17.

SAP Stock Up 0.3 %

SAP stock traded up $0.58 during mid-day trading on Wednesday, hitting $202.31. The company had a trading volume of 552,948 shares, compared to its average volume of 787,747. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a 1 year low of $126.75 and a 1 year high of $214.94. The business has a fifty day moving average of $198.10 and a 200 day moving average of $190.06.

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

About SAP

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.