Nicholas Hoffman & Company LLC. Buys New Position in SAP SE (NYSE:SAP)

Nicholas Hoffman & Company LLC. bought a new stake in shares of SAP SE (NYSE:SAP) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,590 shares of the software maker’s stock, valued at approximately $223,000.

Other large investors have also made changes to their positions in the company. Trustcore Financial Services LLC boosted its stake in SAP by 183.3% during the 2nd quarter. Trustcore Financial Services LLC now owns 204 shares of the software maker’s stock valued at $29,000 after purchasing an additional 132 shares during the period. Atlas Capital Advisors LLC bought a new stake in SAP during the 1st quarter valued at approximately $28,000. Stonebridge Capital Advisors LLC bought a new stake in shares of SAP in the 1st quarter worth approximately $42,000. WealthShield Partners LLC lifted its position in shares of SAP by 31.5% in the 2nd quarter. WealthShield Partners LLC now owns 351 shares of the software maker’s stock worth $49,000 after acquiring an additional 84 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in shares of SAP by 76.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 414 shares of the software maker’s stock worth $51,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 4.18% of the company’s stock.

A number of analysts have commented on the company. CIBC raised their price objective on SAP from $43.00 to $45.00 and gave the stock an “outperformer” rating in a research report on Friday, June 4th. UBS Group reiterated a “neutral” rating on shares of SAP in a research report on Thursday, July 22nd. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Wednesday, July 14th. Barclays reiterated an “overweight” rating and issued a $165.00 price objective (up previously from $162.00) on shares of SAP in a research report on Tuesday, July 27th. Finally, Bank of America upgraded SAP from an “underperform” rating to a “buy” rating in a research report on Wednesday, July 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $124.10.

SAP stock opened at $145.15 on Wednesday. The business has a fifty day moving average price of $146.45 and a 200 day moving average price of $139.17. SAP SE has a fifty-two week low of $104.64 and a fifty-two week high of $162.17. The stock has a market capitalization of $178.32 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 2.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.07 and a quick ratio of 1.07.

SAP (NYSE:SAP) last released its quarterly earnings results on Wednesday, July 21st. The software maker reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.72. SAP had a return on equity of 19.90% and a net margin of 21.60%. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same period last year, the firm posted $1.17 EPS. The business’s revenue was down 1.1% on a year-over-year basis. On average, equities analysts expect that SAP SE will post 5.11 earnings per share for the current fiscal year.

SAP Company Profile

SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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