DMC Group LLC Grows Position in SAP SE (NYSE:SAP)

DMC Group LLC boosted its position in SAP SE (NYSE:SAP) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,172 shares of the software maker’s stock after purchasing an additional 248 shares during the quarter. SAP comprises about 1.3% of DMC Group LLC’s holdings, making the stock its 13th largest position. DMC Group LLC’s holdings in SAP were worth $1,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of SAP in the first quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of SAP during the 1st quarter valued at $25,000. POM Investment Strategies LLC increased its holdings 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 worth $26,000 after buying an additional 116 shares during the last quarter. Crewe Advisors LLC raised its position in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in SAP in the first quarter valued at $29,000.

SAP Stock Up 0.7 %

Shares of SAP stock opened at $230.44 on Friday. SAP SE has a 1-year low of $130.08 and a 1-year high of $232.23. 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 company has a market capitalization of $283.10 billion, a PE ratio of 49.99, a P/E/G ratio of 4.46 and a beta of 1.25. The business has a 50-day moving average of $221.38 and a 200-day moving average of $203.42.

SAP (NYSE:SAP) last issued its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 EPS. As a group, equities analysts forecast that SAP SE will post 4.78 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on SAP shares. TD Cowen upped their price target on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Barclays raised their price target on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, JMP Securities upped their price target on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $232.17.

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.