Net Worth Advisory Group Purchases New Position in SAP SE (NYSE:SAP)

Net Worth Advisory Group acquired a new position in shares of SAP SE (NYSE:SAP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,573 shares of the software maker’s stock, valued at approximately $360,000.

Several other institutional investors and hedge funds also recently modified their holdings of SAP. Trust Point Inc. boosted its holdings in SAP by 12.1% in the 3rd quarter. Trust Point Inc. now owns 1,211 shares of the software maker’s stock worth $277,000 after acquiring an additional 131 shares during the period. Aaron Wealth Advisors LLC lifted its position in shares of SAP by 20.5% during the third quarter. Aaron Wealth Advisors LLC now owns 8,089 shares of the software maker’s stock worth $1,853,000 after purchasing an additional 1,374 shares in the last quarter. Claro Advisors LLC boosted its stake in shares of SAP by 42.1% in the third quarter. Claro Advisors LLC now owns 2,030 shares of the software maker’s stock valued at $465,000 after purchasing an additional 601 shares during the period. Cardinal Capital Management grew its holdings in SAP by 0.4% during the 3rd quarter. Cardinal Capital Management now owns 27,735 shares of the software maker’s stock valued at $6,354,000 after purchasing an additional 116 shares in the last quarter. Finally, Riversedge Advisors LLC purchased a new stake in SAP during the 3rd quarter worth $216,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JMP Securities raised their target price on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. Barclays raised their price objective on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, TD Cowen upped their price target on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.17.

SAP Stock Performance

Shares of SAP opened at $230.44 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. SAP SE has a 12-month low of $130.08 and a 12-month high of $232.23. The business’s fifty day moving average price is $221.38 and its 200 day moving average price is $203.50. The stock has a market capitalization of $283.10 billion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. Equities research analysts forecast that SAP SE will post 4.78 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.