Hsbc Holdings PLC Purchases 2,048 Shares of SAP SE (NYSE:SAP)

Hsbc Holdings PLC lifted its position in shares of SAP SE (NYSE:SAP) by 57.0% in the second quarter, HoldingsChannel reports. The fund owned 5,643 shares of the software maker’s stock after buying an additional 2,048 shares during the period. Hsbc Holdings PLC’s holdings in SAP were worth $1,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors increased its holdings in SAP by 8.1% in the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after purchasing an additional 746,386 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in SAP in the first quarter valued at about $58,936,000. Principal Financial Group Inc. increased its holdings in SAP by 21.2% in the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after purchasing an additional 108,729 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in SAP in the second quarter valued at about $20,532,000. Finally, GQG Partners LLC bought a new stake in SAP in the first quarter valued at about $14,940,000.

SAP Stock Down 0.0 %

SAP stock opened at $228.00 on Friday. 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 stock has a market capitalization of $280.10 billion, a P/E ratio of 49.46, a P/E/G ratio of 4.44 and a beta of 1.25. The business has a 50-day moving average of $215.51 and a 200-day moving average of $199.91. SAP SE has a fifty-two week low of $126.75 and a fifty-two week high of $231.13.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, sell-side analysts anticipate that SAP SE will post 4.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAP has been the subject of a number of recent analyst reports. JMP Securities upped their price objective on SAP from $220.00 to $245.00 and gave the company 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 report on Tuesday, August 13th. Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen boosted their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, BMO Capital Markets boosted their target price on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus price target of $232.00.

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.