QRG Capital Management Inc. Raises Stock Holdings in SAP SE (NYSE:SAP)

QRG Capital Management Inc. increased its stake in SAP SE (NYSE:SAP - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,751 shares of the software maker's stock after acquiring an additional 3,892 shares during the period. QRG Capital Management Inc.'s holdings in SAP were worth $20,562,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. GFS Advisors LLC purchased a new stake in shares of SAP in the third quarter valued at $224,000. Janney Montgomery Scott LLC grew its holdings in SAP by 0.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 62,580 shares of the software maker's stock valued at $14,337,000 after purchasing an additional 568 shares during the last quarter. Pure Financial Advisors LLC purchased a new stake in SAP in the 3rd quarter worth about $232,000. Janney Capital Management LLC boosted its position in shares of SAP by 4.4% during the third quarter. Janney Capital Management LLC now owns 1,924 shares of the software maker's stock valued at $441,000 after buying an additional 81 shares during the period. Finally, Optas LLC boosted its position in shares of SAP by 16.3% during the third quarter. Optas LLC now owns 3,122 shares of the software maker's stock valued at $715,000 after buying an additional 438 shares during the period.

SAP Stock Down 0.1 %

Shares of SAP traded down $0.28 during trading hours on Monday, hitting $232.83. The company had a trading volume of 416,161 shares, compared to its average volume of 795,419. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $286.03 billion, a PE ratio of 93.13, a price-to-earnings-growth ratio of 4.47 and a beta of 1.25. SAP SE has a one year low of $137.77 and a one year high of $243.01. The company's fifty day moving average price is $225.84 and its two-hundred day moving average price is $207.44.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 earnings per share. As a group, equities analysts forecast that SAP SE will post 4.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAP has been the subject of a number of research analyst reports. TD Cowen raised their price target on SAP from $234.00 to $240.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. JMP Securities boosted their target price on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price target on shares of SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Argus upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, July 31st. Finally, Barclays raised their target price on shares of SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $252.33.

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.