Ethic Inc. Purchases 532 Shares of SAP SE (NYSE:SAP)

Ethic Inc. boosted its stake in SAP SE (NYSE:SAP) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,108 shares of the software maker’s stock after acquiring an additional 532 shares during the period. Ethic Inc.’s holdings in SAP were worth $1,279,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SAP. OLD Mission Capital LLC purchased a new position in shares of SAP in the third quarter worth about $6,555,000. Dimensional Fund Advisors LP grew its stake in SAP by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 106,588 shares of the software maker’s stock valued at $13,898,000 after acquiring an additional 490 shares in the last quarter. Natixis Advisors L.P. grew its stake in SAP by 29.5% during the first quarter. Natixis Advisors L.P. now owns 133,439 shares of the software maker’s stock valued at $16,384,000 after acquiring an additional 30,422 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new position in SAP during the first quarter valued at approximately $113,000. Finally, Interchange Capital Partners LLC grew its stake in SAP by 4.8% during the first quarter. Interchange Capital Partners LLC now owns 1,678 shares of the software maker’s stock valued at $215,000 after acquiring an additional 77 shares in the last quarter. 4.18% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada lifted their target price on shares of SAP from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. UBS Group restated a “neutral” rating on shares of SAP in a report on Thursday, July 22nd. JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a report on Thursday, July 22nd. Societe Generale restated a “buy” rating on shares of SAP in a report on Thursday, July 22nd. Finally, Bank of America upgraded shares of SAP from an “underperform” rating to a “buy” rating in a report on Wednesday, July 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, SAP presently has an average rating of “Hold” and a consensus price target of $124.10.

SAP stock opened at $145.15 on Wednesday. The firm has a fifty day moving average price of $146.45 and a 200 day moving average price of $139.17. SAP SE has a fifty-two week low of $104.64 and a fifty-two week high of $162.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $178.32 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.84 and a beta of 1.03.

SAP (NYSE:SAP) last issued its quarterly earnings results on Wednesday, July 21st. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.72. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.70 billion. SAP had a return on equity of 19.90% and a net margin of 21.60%. SAP’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. On average, equities analysts predict that SAP SE will post 5.11 EPS for the current year.

About SAP

SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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