SAP SE $SAP Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its position in SAP SE (NYSE:SAP – Free Report) by 1.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 79,767 shares of the software maker’s stock after acquiring an additional 976 shares during the period. NorthCrest Asset Manangement LLC’s holdings in SAP were worth $24,227,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC grew its stake in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after buying an additional 82 shares during the period. Creative Financial Designs Inc. ADV grew its position in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after purchasing an additional 66 shares in the last quarter. Founders Capital Management boosted its holdings in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker’s stock worth $35,000 after purchasing an additional 75 shares in the last quarter. Highline Wealth Partners LLC boosted its holdings in SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock valued at $37,000 after acquiring an additional 77 shares during the period. Finally, Dagco Inc. acquired a new position in shares of SAP during the first quarter valued at about $45,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Barclays restated an “overweight” rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. Erste Group Bank cut shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. JMP Securities lifted their target price on shares of SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 23rd. Finally, UBS Group upgraded shares of SAP to a “strong-buy” rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, SAP has an average rating of “Buy” and an average price target of $281.67.

Check Out Our Latest Research Report on SAP

SAP Stock Performance

Shares of SAP stock opened at $261.21 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP SE has a 12 month low of $217.51 and a 12 month high of $313.28. The stock has a market capitalization of $320.90 billion, a price-to-earnings ratio of 43.25, a price-to-earnings-growth ratio of 3.64 and a beta of 1.29. The business has a 50-day moving average of $280.94 and a 200 day moving average of $282.61.

SAP (NYSE:SAP – Get Free Report) last announced its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. As a group, sell-side analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Company Profile

(Free Report)

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.

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