Foresight Global Investors Inc. Has $24.09 Million Holdings in SAP SE (NYSE:SAP)

Foresight Global Investors Inc. raised its holdings in shares of SAP SE (NYSE:SAP) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,406 shares of the software maker’s stock after acquiring an additional 6,078 shares during the quarter. SAP makes up about 11.6% of Foresight Global Investors Inc.’s investment portfolio, making the stock its biggest position. Foresight Global Investors Inc.’s holdings in SAP were worth $24,085,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Capital International Investors grew its holdings in SAP by 8.1% during the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after buying an additional 746,386 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in SAP in the 1st quarter valued at $58,936,000. Principal Financial Group Inc. lifted its stake in SAP by 21.2% in the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after purchasing an additional 108,729 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of SAP during the 2nd quarter valued at about $20,532,000. Finally, Brandes Investment Partners LP boosted its holdings in shares of SAP by 49.7% during the 4th quarter. Brandes Investment Partners LP now owns 300,129 shares of the software maker’s stock valued at $46,397,000 after purchasing an additional 99,652 shares during the last quarter.

SAP Trading Up 1.0 %

Shares of SAP opened at $223.60 on Tuesday. SAP SE has a twelve month low of $126.75 and a twelve month high of $223.90. 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’s fifty day simple moving average is $210.90 and its 200-day simple moving average is $197.70.

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

Analyst Ratings Changes

SAP has been the topic of a number of research analyst reports. JMP Securities boosted their target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Sanford C. Bernstein started coverage on SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price for the company. TD Cowen boosted their price target on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets increased their price objective on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Barclays boosted their target price on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average 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.