SAP (SAP)

• Market cap: $308B
• 1 day: 1.32%
• 5 days: -5.67%
• 1 month: -9.23%
• 3 months: 4.14%
• 6 months: 19.51%
• Year to date: 8.64%
• 1 year: 36.26%
• 5 years: 160.37%
• 10 years: 287.90%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Founded in Germany in 1972 by former IBM employees, SAP is the world's largest provider of enterprise application software. Known as the leader in enterprise resource planning software, SAP's portfolio also includes software for supply chain management, procurement, travel and expense management, and customer relationship management, among others. The company operates in more than 180 countries and has more than 400,000 customers, approximately 80% of which are small to medium-size enterprises.

Employees: 109,973

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

104% more first-time investments, than exits

New positions opened: 141 | Existing positions closed: 69

11% more capital invested

Capital invested by funds: $15.9B [Q3] → $17.6B (+$1.73B) [Q4]

7% more funds holding

Funds holding: 784 [Q3] → 839 (+55) [Q4]

4% more repeat investments, than reductions

Existing positions increased: 290 | Existing positions reduced: 278

0.08% more ownership

Funds ownership: 5.65% [Q3] → 5.73% (+0.08%) [Q4]

17% less call options, than puts

Call options by funds: $359M | Put options by funds: $432M

20% less funds holding in top 10

Funds holding in top 10: 15 [Q3] → 12 (-3) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $38 86% downside
• Avg. target: $240 9% downside
• High target: $330 25% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Irene Nattel 50% 1-year accuracy 2 / 4 met price target	86% downside $38	Outperform Reiterated	30 Jan 2025
Barclays Raimo Lenschow 39% 1-year accuracy 32 / 82 met price target	8% upside $286	Overweight Maintained	30 Jan 2025
BMO Capital Keith Bachman 43% 1-year accuracy 23 / 53 met price target	16% upside $307	Outperform Maintained	29 Jan 2025
JMP Securities Patrick Walravens 67% 1-year accuracy 73 / 109 met price target	25% upside $330	Market Outperform Maintained	29 Jan 2025