May Hill Capital LLC Acquires 1,460 Shares of SAP SE $SAP

May Hill Capital LLC lifted its holdings in SAP SE (NYSE:SAP) by 67.5% in the second quarter, HoldingsChannel reports. The fund owned 3,622 shares of the software maker’s stock after buying an additional 1,460 shares during the period. May Hill Capital LLC’s holdings in SAP were worth $1,101,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SAP. TD Asset Management Inc grew its holdings in shares of SAP by 3.8% during the 1st quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker’s stock valued at $446,364,000 after purchasing an additional 60,261 shares during the last quarter. Northern Trust Corp boosted its position in SAP by 2.8% during the first quarter. Northern Trust Corp now owns 1,512,724 shares of the software maker’s stock valued at $406,076,000 after buying an additional 40,926 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after buying an additional 80,164 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of SAP by 5.5% in the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker’s stock worth $329,395,000 after buying an additional 63,538 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of SAP by 2.6% in the 1st quarter. BNP Paribas Financial Markets now owns 366,871 shares of the software maker’s stock valued at $98,483,000 after acquiring an additional 9,411 shares during the last quarter.

Analysts Set New Price Targets

SAP has been the topic of several recent research reports. Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Morgan Stanley restated an “overweight” rating on shares of SAP in a report on Tuesday, August 5th. Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Monday. Finally, Barclays boosted their price objective on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $284.33.

SAP Trading Up 0.8%

NYSE:SAP opened at $271.82 on Tuesday. The company has a 50-day moving average price of $269.33 and a 200-day moving average price of $283.75. The stock has a market cap of $333.93 billion, a price-to-earnings ratio of 40.69, a P/E/G ratio of 3.97 and a beta of 1.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 12 month low of $227.52 and a 12 month high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.87%. SAP’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 earnings per share. Equities analysts predict that SAP SE will post 6.55 EPS for the current year.

About SAP

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.