Y Intercept Hong Kong Ltd Invests $5.24 Million in SAP SE $SAP

Y Intercept Hong Kong Ltd purchased a new stake in shares of SAP SE (NYSE:SAP) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 17,241 shares of the software maker’s stock, valued at approximately $5,243,000.

Several other institutional investors also recently added to or reduced their stakes in SAP. Twin Tree Management LP grew its position in SAP by 122.5% during the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock valued at $13,860,000 after buying an additional 280,896 shares during the period. Main Street Research LLC bought a new position in SAP during the first quarter valued at about $32,151,000. Deutsche Bank AG grew its position in SAP by 2,105.3% during the first quarter. Deutsche Bank AG now owns 105,260 shares of the software maker’s stock valued at $28,256,000 after buying an additional 100,487 shares during the period. Goldman Sachs Group Inc. grew its position in 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 period. Finally, Allspring Global Investments Holdings LLC grew its position in SAP by 108.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 128,100 shares of the software maker’s stock valued at $38,517,000 after buying an additional 66,551 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAP. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SAP in a report on Wednesday, October 8th. BMO Capital Markets dropped their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Argus reaffirmed a “buy” rating and set a $320.00 price objective on shares of SAP in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $284.33.

SAP Trading Up 0.8%

Shares of SAP stock opened at $271.82 on Tuesday. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28. The company has a market cap of $333.93 billion, a price-to-earnings ratio of 40.69, a PEG 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. The company’s 50-day moving average price is $269.33 and its 200-day moving average price is $283.75.

SAP (NYSE:SAP) last announced 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. SAP had a net margin of 19.50% and a return on equity of 15.87%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal 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.