United Capital Financial Advisers LLC boosted its position in shares of SAP SE (NYSE:SAP) by 0.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 259,087 shares of the software maker’s stock after buying an additional 1,424 shares during the quarter. United Capital Financial Advisers LLC’s holdings in SAP were worth $34,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAP. Comerica Securities Inc. increased its stake in SAP by 40.6% during the fourth quarter. Comerica Securities Inc. now owns 4,263 shares of the software maker’s stock valued at $424,000 after acquiring an additional 1,231 shares during the period. Cornerstone Advisors Inc. increased its stake in SAP by 51.9% during the first quarter. Cornerstone Advisors Inc. now owns 556 shares of the software maker’s stock valued at $64,000 after acquiring an additional 190 shares during the period. Stephens Inc. AR increased its stake in SAP by 28.2% during the first quarter. Stephens Inc. AR now owns 5,094 shares of the software maker’s stock valued at $588,000 after acquiring an additional 1,119 shares during the period. First Allied Advisory Services Inc. bought a new position in SAP during the first quarter valued at about $211,000. Finally, CIBC Asset Management Inc increased its stake in SAP by 282.5% during the first quarter. CIBC Asset Management Inc now owns 20,500 shares of the software maker’s stock valued at $2,367,000 after acquiring an additional 15,140 shares during the period. Hedge funds and other institutional investors own 4.89% of the company’s stock.

Several brokerages recently issued reports on SAP. ValuEngine lowered SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. DZ Bank restated a “buy” rating on shares of SAP in a research note on Thursday. Jefferies Financial Group started coverage on SAP in a research note on Monday, July 22nd. They set a “buy” rating on the stock. Barclays lowered their price objective on SAP from $143.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Finally, BMO Capital Markets set a $140.00 price objective on SAP and gave the company a “hold” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $125.63.

Shares of SAP stock traded down $1.96 during trading hours on Friday, hitting $118.92. The company had a trading volume of 28,048 shares, compared to its average volume of 444,211. SAP SE has a 12 month low of $94.81 and a 12 month high of $140.62. The firm has a market capitalization of $148.38 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 2.68 and a beta of 1.10. The firm’s fifty day moving average is $120.83 and its 200 day moving average is $122.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, July 18th. The software maker reported $1.09 earnings per share for the quarter, meeting the consensus estimate of $1.09. The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.71 billion. SAP had a return on equity of 15.39% and a net margin of 11.95%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. On average, sell-side analysts expect that SAP SE will post 4.28 EPS for the current fiscal year.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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