Cambridge Investment Research Advisors Inc. Increases Position in SAP SE (NYSE:SAP)

Cambridge Investment Research Advisors Inc. lifted its position in shares of SAP SE (NYSE:SAP) by 15.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,513 shares of the software maker’s stock after buying an additional 1,157 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in SAP were worth $1,717,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Great Valley Advisor Group Inc. lifted its position in shares of SAP by 3.5% in the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after acquiring an additional 51 shares in the last quarter. RFP Financial Group LLC lifted its holdings in SAP by 17.5% in the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after purchasing an additional 52 shares in the last quarter. Bessemer Group Inc. boosted its stake in SAP by 32.6% in the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock worth $49,000 after purchasing an additional 62 shares during the period. Haverford Trust Co grew its holdings in SAP by 1.2% during the 1st quarter. Haverford Trust Co now owns 5,594 shares of the software maker’s stock valued at $1,091,000 after buying an additional 65 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in shares of SAP by 4.1% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 1,690 shares of the software maker’s stock valued at $341,000 after buying an additional 66 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SAP shares. TD Cowen raised their target price on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Sanford C. Bernstein assumed coverage on SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price on the stock. JMP Securities boosted their target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Barclays raised their price target on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Finally, Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus price target of $232.00.

SAP Stock Down 1.5 %

NYSE:SAP opened at $216.32 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $208.16 and a 200-day simple moving average of $195.56. SAP SE has a 1 year low of $126.75 and a 1 year high of $221.24.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same period last year, the company earned $0.71 earnings per share. SAP’s revenue was up 9.7% on a year-over-year basis. As a group, research analysts anticipate that SAP SE will post 4.75 EPS for the current year.

SAP Profile

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.