Louisbourg Investments Inc. Acquires 3,400 Shares of SAP SE $SAP

Louisbourg Investments Inc. raised its holdings in SAP SE (NYSE:SAP) by 81.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,580 shares of the software maker’s stock after purchasing an additional 3,400 shares during the quarter. Louisbourg Investments Inc.’s holdings in SAP were worth $2,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fisher Asset Management LLC increased its stake in shares of SAP by 9.0% in the second quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock valued at $4,305,242,000 after buying an additional 1,163,616 shares in the last quarter. Bank of America Corp DE lifted its position in SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after buying an additional 973,779 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in SAP by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after acquiring an additional 80,164 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of SAP by 7.8% during the second quarter. JPMorgan Chase & Co. now owns 1,087,751 shares of the software maker’s stock worth $330,786,000 after purchasing an additional 78,306 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of SAP by 2.6% in the first quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker’s stock valued at $98,483,000 after purchasing an additional 9,411 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of SAP in a research report on Friday, October 31st. KeyCorp restated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Citigroup reiterated a “buy” rating on shares of SAP in a research report on Thursday, December 11th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $284.33.

SAP Price Performance

SAP stock opened at $244.59 on Friday. The firm has a market capitalization of $300.48 billion, a P/E ratio of 36.61, a PEG ratio of 3.51 and a beta of 1.19. SAP SE has a 1 year low of $233.51 and a 1 year high of $313.28. The business has a 50-day moving average of $253.04 and a 200-day moving average of $273.48. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last announced its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the company posted $1.23 EPS. SAP’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.