SAP SE (NYSE:SAP) is Foresight Global Investors Inc.’s Largest Position

Foresight Global Investors Inc. lifted its holdings in SAP SE (NYSE:SAP) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,406 shares of the software maker’s stock after buying an additional 6,078 shares during the period. SAP makes up approximately 11.6% of Foresight Global Investors Inc.’s portfolio, making the stock its biggest holding. Foresight Global Investors Inc.’s holdings in SAP were worth $24,085,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in SAP in the first quarter worth $25,000. LRI Investments LLC purchased a new position in SAP in the first quarter valued at about $25,000. POM Investment Strategies LLC grew its position in shares of SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares during the period. Crewe Advisors LLC increased its stake in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of SAP in the 1st quarter worth approximately $29,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SAP shares. TD Cowen lifted their price objective on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets raised their target price on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Barclays boosted their price objective on shares of SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, Sanford C. Bernstein started coverage on shares of SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.00.

SAP Stock Up 1.0 %

Shares of SAP stock opened at $223.60 on Tuesday. The company’s fifty day simple moving average is $210.90 and its two-hundred day simple moving average is $197.70. 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 SE has a 12-month low of $126.75 and a 12-month high of $223.90.

SAP (NYSE:SAP) last announced its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. During the same period in the previous year, the business earned $0.71 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts expect that SAP SE will post 4.83 EPS for the current 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.