German multinational software corporation, SAP SE (NYSE:SAP), recently witnessed an increase in its stake by 9.9% during the second quarter from Marks Group Wealth Management Inc. This information was disclosed in a filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 12,130 shares of SAP’s stock, following the purchase of an additional 1,097 shares.
Estimated to be valued at $1,660,000 at the end of the reporting period, Marks Group Wealth Management Inc.’s holdings in SAP highlight the confidence placed by institutional investors in the prospects of this global enterprise application software provider.
SAP SE is renowned for offering a wide range of enterprise application software products across various industries and markets. As part of its diversified portfolio, the company operates under four segments: Applications, Technology & Services; Qualtrics; Business Network; and Sustainability.
One notable product offered by SAP is SAP S/4HANA. This particular software provides comprehensive solutions for finance, risk management, project management, procurement, manufacturing, supply chain and asset management, as well as research and development. Another significant offering is their suite of solutions known as SAP SuccessFactors. These solutions cater to human resources needs and cover areas such as HR and payroll management, talent acquisition and employee experience management. Furthermore, they provide people and workforce analytics for enhanced decision-making processes.
SAP also specializes in spend management solutions that encompass direct and indirect spend management, travel and expense management solutions,and external workforce management. Businesses benefit from these offerings as they facilitate efficient procurement processes while managing costs effectively.
This recent increase in stake by Marks Group Wealth Management Inc reflects a strong interest in SAP’s potential growth trajectory within multiple sectors. By aligning themselves with reputable institutional investors like Marks Group Wealth Management Inc., SAP SE ensures its market position remains promising within the competitive landscape it operates in.
For more information on SAP SE’s latest developments and financial performance, interested individuals can refer to the company’s published stock report. Keeping up-to-date with the company’s activities is crucial for investors and professionals seeking valuable insights into SAP SE’s performance in the market.
Hedge Funds and Institutional Investors Adjust Holdings in Software Maker SAP as Analysts Offer Varying Perspectives on the Company’s Performance
In recent months, a number of hedge funds and institutional investors have made adjustments to their holdings in software maker SAP. Russell Investments Group Ltd., for instance, increased its stake in the company by 4.0% during the first quarter, now owning 157,626 shares valued at $19,948,000. Sage Mountain Advisors LLC also entered into a new position during the same period, investing approximately $344,000 in SAP. Atria Wealth Solutions Inc. followed suit with an investment of around $240,000. Contravisory Investment Management Inc. saw a significant lift in their holdings as well, with a 61% increase during the second quarter. They now own 1,291 shares valued at $177,000. Furthermore, King Luther Capital Management Corp joined the ranks by establishing a new position worth about $248,000. Currently, hedge funds and other institutional investors account for approximately 4.99% of SAP’s stock ownership.
Amidst these moves within the investment landscape, several brokerages have weighed in on SAP’s performance with differing opinions. Jefferies Financial Group upgraded their rating from “underperform” to “hold,” while StockNews.com started coverage on SAP and assigned it a “strong-buy” rating. Oppenheimer reaffirmed their “market perform” rating on the software maker’s shares and Barclays lowered their price target from $146 to $145 but maintained an “overweight” rating for SAP stock.
JMP Securities also expressed optimism by reiterating their “market outperform” rating and assigning a price target of $179 per share for SAP stocks. Overall, one analyst has given a sell rating to the stock; four analysts recommend holding it; nine have issued buy ratings; and one has rated it as a strong buy option.
As of this writing on October 1st, 2023, SAP’s stocks opened at $127.97. The company boasts a market capitalization of $150.95 billion, with a price-to-earnings ratio of 27.88, a PEG ratio of 2.15, and a beta of 1.18. Over the past 50 days, the stock has shown an average trading price of $135.65, while its 200-day moving average stands at $132.92. SAP presents a quick ratio and current ratio of 1.42 each and maintains a debt-to-equity ratio of 0.22.
SAP last reported its quarterly earnings on July 20th, revealing that it had earned $0.71 per share (EPS) for the quarter—missing the consensus estimate by ($0.17). The company generated $8.18 billion in revenue during this period, falling short of analysts’ expectations set at $8.38 billion. SAP’s net margin appeared healthy at 16.55%, coupled with a return on equity standing at 6.86%. Going forward, sell-side analysts anticipate that SAP SE will post EPS of approximately $3.99 for the current fiscal year.
In conclusion, recent alterations in holdings among hedge funds and institutional investors have garnered attention for software maker SAP as the company’s stock continues to show signs of volatility in the market landscape. With varying analyst ratings and opinions on SAP’s outlook, investors must carefully assess their investment strategies based on their own risk tolerance and long-term objectives.