Kayne Anderson Rudnick Investment Management LLC Acquires 1,144 Shares of SAP SE (NYSE:SAP)

Kayne Anderson Rudnick Investment Management LLC grew its stake in SAP SE (NYSE:SAP) by 3.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 31,125 shares of the software maker’s stock after purchasing an additional 1,144 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in SAP were worth $6,278,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. LRI Investments LLC acquired a new position in SAP during the first quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in shares of SAP during the 1st quarter worth approximately $25,000. POM Investment Strategies LLC boosted its holdings in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in SAP during the first quarter worth $29,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on SAP shares. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. JMP Securities lifted their price target on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. Barclays upped their price objective on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. BMO Capital Markets lifted their target price on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Finally, TD Cowen increased their price target on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus price target of $232.00.

SAP Stock Performance

SAP opened at $228.81 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day simple moving average of $212.75 and a 200 day simple moving average of $198.72. SAP SE has a 1 year low of $126.75 and a 1 year high of $230.19. The company has a market capitalization of $269.90 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 4.34 and a beta of 1.25.

SAP (NYSE:SAP) last announced its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. Research analysts expect that SAP SE will post 4.83 EPS for the current year.

SAP 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.