Allspring Global Investments Holdings LLC Acquires 18,799 Shares of SAP SE (NYSE:SAP)

Allspring Global Investments Holdings LLC grew its holdings in SAP SE (NYSE:SAP) by 376.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,794 shares of the software maker’s stock after purchasing an additional 18,799 shares during the period. Allspring Global Investments Holdings LLC’s holdings in SAP were worth $5,451,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of SAP during the first quarter worth $29,000. Vicus Capital purchased a new stake in SAP during the 1st quarter worth about $246,000. BKM Wealth Management LLC boosted its stake in SAP by 25.9% in the 1st quarter. BKM Wealth Management LLC now owns 2,613 shares of the software maker’s stock worth $510,000 after purchasing an additional 538 shares during the period. Claro Advisors LLC grew its holdings in SAP by 6.8% during the 1st quarter. Claro Advisors LLC now owns 1,543 shares of the software maker’s stock valued at $301,000 after buying an additional 98 shares in the last quarter. Finally, Dash Acquisitions Inc. lifted its holdings in shares of SAP by 3.4% in the first quarter. Dash Acquisitions Inc. now owns 71,438 shares of the software maker’s stock worth $12,855,000 after buying an additional 2,355 shares in the last quarter.

SAP Trading Down 0.3 %

Shares of NYSE SAP opened at $237.69 on Monday. The firm has a 50-day moving average of $223.61 and a 200 day moving average of $205.09. SAP SE has a 1 year low of $130.63 and a 1 year high of $240.08. The stock has a market cap of $292.00 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 4.42 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.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.39% and a net margin of 8.15%. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. As a group, sell-side analysts expect that SAP SE will post 4.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAP. TD Cowen boosted their price target on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Barclays lifted their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $252.33.

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.