Mediolanum International Funds Ltd bought a new position in SAP SE (NYSE:SAP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 75,687 shares of the software maker's stock, valued at approximately $17,376,000.
Other institutional investors and hedge funds have also modified their holdings of the company. LRI Investments LLC acquired a new position in SAP in the first quarter worth $25,000. Godsey & Gibb Inc. acquired a new position in SAP during the 3rd quarter worth about $25,000. POM Investment Strategies LLC grew its holdings in SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker's stock worth $26,000 after acquiring an additional 116 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker's stock valued at $28,000 after purchasing an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in SAP in the 1st quarter valued at $29,000.
SAP Trading Down 0.2 %
Shares of SAP stock traded down $0.58 on Friday, hitting $237.72. The stock had a trading volume of 741,475 shares, compared to its average volume of 796,464. The firm has a market cap of $292.04 billion, a P/E ratio of 95.09, a PEG ratio of 4.42 and a beta of 1.25. SAP SE has a twelve month low of $130.63 and a twelve month high of $240.08. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $223.18 and a two-hundred day moving average price of $204.50.
SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.39%. The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm's revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast that SAP SE will post 4.83 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have weighed in on SAP. Barclays boosted their price objective on SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a report on Wednesday. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research note on Tuesday. TD Cowen raised their price objective on shares of SAP from $234.00 to $240.00 and gave the company a "hold" rating in a research note on Tuesday. JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research report on Tuesday. Finally, Argus upgraded SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $252.33.
Check Out Our Latest Report on SAP
SAP Profile
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Free Report)
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.
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