First Trust Advisors LP Boosts Stake in SAP SE (SAP)

First Trust Advisors LP lifted its stake in shares of SAP SE (NYSE:SAP) by 24.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 491,196 shares of the software maker’s stock after acquiring an additional 97,459 shares during the quarter. First Trust Advisors LP’s holdings in SAP SE were worth $53,860,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Parallel Advisors LLC grew its position in SAP SE by 32.4% in the second quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after buying an additional 234 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in SAP SE in the second quarter worth approximately $132,000. IFP Advisors Inc grew its position in SAP SE by 29.4% in the second quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after buying an additional 331 shares during the last quarter. Fiduciary Trust Co. acquired a new position in SAP SE in the second quarter worth approximately $157,000. Finally, Huntington National Bank grew its position in SAP SE by 1.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 3.62% of the company’s stock.

Shares of SAP SE (NYSE SAP) traded down $0.05 during trading hours on Friday, hitting $112.59. 486,900 shares of the company’s stock were exchanged, compared to its average volume of 679,643. The firm has a market cap of $138,373.11, a price-to-earnings ratio of 31.36, a P/E/G ratio of 3.25 and a beta of 1.14. SAP SE has a 52 week low of $80.93 and a 52 week high of $116.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24.

SAP SE (NYSE:SAP) last issued its earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.68 billion. SAP SE had a net margin of 15.80% and a return on equity of 15.43%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. sell-side analysts expect that SAP SE will post 4.13 earnings per share for the current year.

SAP SE announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 20th that authorizes the company to buyback shares. This buyback authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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SAP has been the topic of several recent research reports. Royal Bank Of Canada lifted their price target on shares of SAP SE from $102.00 to $106.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 18th. DZ Bank AG restated a “buy” rating on shares of SAP SE in a research report on Thursday, July 20th. BMO Capital Markets lifted their price target on shares of SAP SE from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, July 21st. Zacks Investment Research lowered shares of SAP SE from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, BidaskClub lowered shares of SAP SE from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $106.45.

SAP SE Company Profile

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

Institutional Ownership by Quarter for SAP SE (NYSE:SAP)

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