Russell Investments Group Ltd. Buys 83,601 Shares of SAP SE (SAP)

Russell Investments Group Ltd. raised its stake in SAP SE (NYSE:SAP) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,107,059 shares of the software maker’s stock after acquiring an additional 83,601 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of SAP SE worth $121,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Global Advisors LLC boosted its position in shares of SAP SE by 0.3% during the second quarter. Strategic Global Advisors LLC now owns 3,468 shares of the software maker’s stock valued at $363,000 after buying an additional 12 shares during the last quarter. Eaton Vance Management boosted its position in shares of SAP SE by 1.1% during the second quarter. Eaton Vance Management now owns 2,176 shares of the software maker’s stock valued at $228,000 after buying an additional 23 shares during the last quarter. Huntington National Bank boosted its position in shares of SAP SE by 1.6% during the second quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock valued at $162,000 after buying an additional 24 shares during the last quarter. Sawtooth Solutions LLC boosted its position in shares of SAP SE by 1.4% during the second quarter. Sawtooth Solutions LLC now owns 3,855 shares of the software maker’s stock valued at $404,000 after buying an additional 52 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its position in shares of SAP SE by 2.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,604 shares of the software maker’s stock valued at $372,000 after buying an additional 79 shares during the last quarter. 3.63% of the stock is currently owned by hedge funds and other institutional investors.

SAP SE (SAP) traded up $0.71 during midday trading on Wednesday, hitting $113.08. The stock had a trading volume of 435,400 shares, compared to its average volume of 720,195. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.18. SAP SE has a 1 year low of $80.93 and a 1 year high of $116.90. The company has a market capitalization of $138,102.73, a P/E ratio of 31.30, a P/E/G ratio of 3.24 and a beta of 1.14.

SAP SE (NYSE:SAP) last posted its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. SAP SE had a return on equity of 15.43% and a net margin of 15.80%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.68 billion. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. analysts forecast that SAP SE will post 4.13 EPS for the current fiscal year.

SAP SE declared that its board has approved a stock repurchase program on Thursday, July 20th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

SAP has been the topic of several recent analyst reports. Argus increased their price objective on SAP SE from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research cut SAP SE from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research report on Thursday, July 20th. BMO Capital Markets increased their price objective on SAP SE from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 21st. Finally, Royal Bank Of Canada increased their price objective on SAP SE from $102.00 to $106.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $106.91.

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SAP SE 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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