廣告
香港股市 將收市，收市時間：21 分鐘

  • 恒指

    17,705.53
    -384.40 (-2.12%)
     

  • 國指

    6,319.50
    -157.74 (-2.44%)
     

  • 上證綜指

    2,945.85
    -26.67 (-0.90%)
     

  • 滬深300

    3,454.12
    -26.15 (-0.75%)
     

  • 美元

    7.8085
    -0.0005 (-0.01%)
     

  • 人民幣

    0.9304
    +0.0004 (+0.04%)
     

  • 道指

    39,127.80
    +15.64 (+0.04%)
     

  • 標普 500

    5,477.90
    +8.60 (+0.16%)
     

  • 納指

    17,805.16
    +87.50 (+0.49%)
     

  • 日圓

    0.0484
    +0.0001 (+0.14%)
     

  • 歐元

    8.3489
    +0.0106 (+0.13%)
     

  • 英鎊

    9.8660
    +0.0100 (+0.10%)
     

  • 紐約期油

    80.86
    -0.04 (-0.05%)
     

  • 金價

    2,311.30
    -1.90 (-0.08%)
     

  • Bitcoin

    60,735.96
    -962.82 (-1.56%)
     

  • CMC Crypto 200

    1,264.53
    -1.61 (-0.13%)
     

SAP SE (SAP) Redesigns the Business Model: From Perpetual License to SAAS

Soumya Eswaran
·2 分鐘文章

Investment management company Ave Maria recently released its “Ave Maria World Equity Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund returned 6.54% compared to the MSCI All Country World Index’s 8.20% return. Since its inception on April 30, 2010, the fund’s annualized return was 7.60% compared to the 9.06% annualized return for the benchmark. You can check the top 5 holdings of the fund to know its best picks in 2024.

Ave Maria World Equity Fund highlighted stocks like SAP SE (NYSE:SAP), in the first quarter 2024 investor letter. SAP SE (NYSE:SAP) is a global provider of applications, technology, and services. The one-month return of SAP SE (NYSE:SAP) was -2.70%, and its shares gained 38.42% of their value over the last 52 weeks. On June 17, 2024, SAP SE (NYSE:SAP) stock closed at $190.02 per share with a market capitalization of $221.797 billion.

Ave Maria World Equity Fund stated the following regarding SAP SE (NYSE:SAP) in its first quarter 2024 investor letter:

"SAP SE (NYSE:SAP) provides enterprise application software products worldwide. SAP is successfully transitioning from a perpetual license model to a SAAS model, which we believe will lead to an increase in TAM (total addressable market), higher margins and lower capital intensity."

A data centre room with cloud technology, illustrating the enterprise application software services.

廣告

SAP SE (NYSE:SAP) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held SAP SE (NYSE:SAP) at the end of the first quarter which was 22 in the previous quarter. SAP SE (NYSE:SAP) reported first-quarter revenue of nearly $8 billion, up 9% year-over-year. While we acknowledge the potential of SAP SE (NYSE:SAP) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we discussed SAP SE (NYSE:SAP) and shared the list of biggest supply chain companies to know. Harding Loevner Global Equity Strategy highlighted SAP SE (NYSE:SAP) in its first quarter 2024 investor letter. In addition, please check out our hedge fund investor letters Q1 2024 page for more investor letters from hedge funds and other leading investors.

READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.

Disclosure: None. This article is originally published at Insider Monkey.