Veracity Capital LLC Makes New $247,000 Investment in SAP SE (NYSE:SAP)

Veracity Capital LLC bought a new position in shares of SAP SE (NYSE:SAP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,079 shares of the software maker’s stock, valued at approximately $247,000.

Several other hedge funds have also recently bought and sold shares of SAP. Westfield Capital Management Co. LP acquired a new stake in shares of SAP during the first quarter worth $58,936,000. Marshall Wace LLP acquired a new stake in shares of SAP in the 2nd quarter valued at about $21,479,000. Hantz Financial Services Inc. bought a new stake in shares of SAP in the second quarter valued at about $20,532,000. GQG Partners LLC bought a new position in shares of SAP during the first quarter worth about $14,940,000. Finally, Sustainable Growth Advisers LP grew its holdings in shares of SAP by 130.0% during the first quarter. Sustainable Growth Advisers LP now owns 116,571 shares of the software maker’s stock worth $22,735,000 after buying an additional 65,893 shares in the last quarter.

Analyst Ratings Changes

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

SAP Stock Performance

Shares of NYSE SAP opened at $230.44 on Monday. SAP SE has a 12 month low of $130.08 and a 12 month high of $232.23. The stock has a 50 day moving average of $221.38 and a 200-day moving average of $203.50. 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 market capitalization of $283.10 billion, a P/E ratio of 49.99, a P/E/G ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings data 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 firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate 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 company earned $0.71 earnings per share. As a group, equities research analysts predict 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.