Private Advisor Group LLC Buys 260 Shares of SAP SE (NYSE:SAP)

Private Advisor Group LLC increased its stake in shares of SAP SE (NYSE:SAP) by 6.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,310 shares of the software maker’s stock after acquiring an additional 260 shares during the period. Private Advisor Group LLC’s holdings in SAP were worth $987,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC bought a new stake in SAP during the first quarter worth about $25,000. Godsey & Gibb Inc. bought a new stake in SAP during the third quarter worth about $25,000. POM Investment Strategies LLC raised its holdings in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares in the last quarter. Crewe Advisors LLC raised its stake in SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in SAP by 254.2% in the first quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker’s stock valued at $33,000 after buying an additional 122 shares during the period.

Wall Street Analyst Weigh In

Several research firms have issued reports on SAP. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities upped their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Barclays upped their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets upped their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen upped their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. 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, SAP has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Stock Performance

Shares of SAP stock opened at $233.11 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $225.51 and a two-hundred day moving average price of $206.68. SAP SE has a 1-year low of $137.77 and a 1-year high of $243.01. The company has a market cap of $286.38 billion, a P/E ratio of 93.24, a PEG ratio of 4.55 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, analysts anticipate that SAP SE will post 4.9 EPS for the current year.

About SAP

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.