William Blair Investment Management LLC Grows Stake in SAP SE (NYSE:SAP)

William Blair Investment Management LLC grew its position in shares of SAP SE (NYSE:SAP) by 1,694.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,368 shares of the software maker’s stock after purchasing an additional 19,233 shares during the period. William Blair Investment Management LLC’s holdings in SAP were worth $4,108,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cetera Advisors LLC grew its position in shares of SAP by 113.3% during the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 8,003 shares in the last quarter. BNP Paribas Financial Markets grew its position in SAP by 21.1% in the first quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after acquiring an additional 4,596 shares in the last quarter. Wealthspire Advisors LLC purchased a new position in SAP in the first quarter worth $237,000. CWM LLC raised its position in SAP by 9.1% during the second quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after purchasing an additional 240 shares in the last quarter. Finally, Henry James International Management Inc. lifted its stake in SAP by 18.9% during the first quarter. Henry James International Management Inc. now owns 48,895 shares of the software maker’s stock worth $9,536,000 after purchasing an additional 7,765 shares during the last quarter.

SAP Stock Performance

Shares of NYSE:SAP opened at $223.60 on Tuesday. The stock’s 50-day moving average is $210.90 and its 200 day moving average is $197.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a 1 year low of $126.75 and a 1 year high of $223.90.

SAP (NYSE:SAP) last posted its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, analysts anticipate that SAP SE will post 4.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SAP. Sanford C. Bernstein started coverage on SAP in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price for the company. Barclays increased their target price on shares of SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. JMP Securities boosted their price target on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. BMO Capital Markets raised their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.