SAP (NYSE:SAP) posted its quarterly earnings data on Wednesday. The software maker reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.72, Briefing.com reports. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.70 billion. SAP had a return on equity of 19.27% and a net margin of 19.87%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share.
Shares of SAP traded up $0.71 on Thursday, hitting $139.57. The company’s stock had a trading volume of 6,949 shares, compared to its average volume of 520,309. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $141.89. SAP has a fifty-two week low of $104.64 and a fifty-two week high of $169.30. The firm has a market capitalization of $171.46 billion, a P/E ratio of 26.05, a PEG ratio of 3.04 and a beta of 1.06.
An institutional investor recently bought a new position in SAP stock. OLD Mission Capital LLC acquired a new position in SAP SE (NYSE:SAP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 42,070 shares of the software maker’s stock, valued at approximately $6,555,000. 4.27% of the stock is owned by institutional investors and hedge funds.
SAP Company Profile
SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.
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