SAP SE (NYSE:SAP) Stock Position Raised by Berbice Capital Management LLC

Berbice Capital Management LLC lifted its position in SAP SE (NYSE:SAP) by 28.6% in the 1st quarter, Holdings Channel reports. The fund owned 450 shares of the software maker’s stock after buying an additional 100 shares during the period. Berbice Capital Management LLC’s holdings in SAP were worth $121,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SAP. GAMMA Investing LLC lifted its position in shares of SAP by 31,239.5% in the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker’s stock valued at $350,644,000 after acquiring an additional 1,302,061 shares in the last quarter. TD Asset Management Inc. increased its stake in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after buying an additional 890,157 shares during the period. JPMorgan Chase & Co. increased its stake in SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after buying an additional 798,037 shares during the period. Northern Trust Corp increased its stake in SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after buying an additional 701,880 shares during the period. Finally, Wellington Management Group LLP acquired a new position in SAP in the 4th quarter valued at approximately $163,630,000.

SAP Stock Performance

Shares of SAP opened at $300.99 on Friday. The company’s fifty day moving average is $299.07 and its 200-day moving average is $279.28. SAP SE has a 12 month low of $194.93 and a 12 month high of $313.28. The firm has a market cap of $369.77 billion, a price-to-earnings ratio of 57.66, a price-to-earnings-growth ratio of 4.33 and a beta of 1.30. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. Equities analysts expect that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating on the stock. Wells Fargo & Company assumed coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an “overweight” rating on the stock. Wall Street Zen upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Sunday, June 29th. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research note on Friday, May 2nd. Finally, Barclays reiterated an “overweight” rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $271.83.

SAP Company Profile

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.