Xponance Inc. Increases Holdings in SAP SE (NYSE:SAP)

Xponance Inc. grew its holdings in shares of SAP SE (NYSE:SAP) by 20.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,273 shares of the software maker’s stock after buying an additional 219 shares during the period. Xponance Inc.’s holdings in SAP were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Capital International Investors lifted its holdings in SAP by 8.1% during the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after buying an additional 746,386 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in SAP by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after buying an additional 26,031 shares during the last quarter. Raymond James & Associates lifted its holdings in SAP by 3.7% during the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock worth $127,473,000 after buying an additional 22,438 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after buying an additional 108,729 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of SAP in the 1st quarter valued at about $58,936,000.

Analyst Ratings Changes

Several analysts have recently weighed in on SAP shares. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets boosted their target price on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. JMP Securities boosted their target price on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. Barclays boosted their target price on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday. Finally, TD Cowen boosted their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $232.17.

SAP Stock Performance

SAP opened at $225.85 on Wednesday. The stock has a market cap of $277.46 billion, a P/E ratio of 48.99, a P/E/G ratio of 4.38 and a beta of 1.25. 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’s 50 day simple moving average is $216.30 and its 200 day simple moving average is $200.49. SAP SE has a 1-year low of $127.30 and a 1-year high of $231.13.

SAP (NYSE:SAP) last announced its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion for 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 quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, equities analysts anticipate that SAP SE will post 4.78 EPS for the current fiscal 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.