Private Advisor Group LLC Grows Position in SAP SE (NYSE:SAP)

Private Advisor Group LLC grew its position in SAP SE (NYSE:SAP) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,310 shares of the software maker’s stock after buying an additional 260 shares during the quarter. Private Advisor Group LLC’s holdings in SAP were worth $987,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Modera Wealth Management LLC increased its position in shares of SAP by 1.4% in the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock valued at $754,000 after buying an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in SAP by 3.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after purchasing an additional 51 shares in the last quarter. RFP Financial Group LLC increased its position in SAP by 17.5% during 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. PFG Investments LLC increased its position in SAP by 2.6% during the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock worth $490,000 after purchasing an additional 61 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in SAP by 32.6% during 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 in the last quarter.

SAP Stock Down 0.2 %

Shares of SAP stock opened at $233.11 on Friday. The stock has a 50-day moving average price of $225.51 and a 200 day moving average price of $206.68. The company has a market cap of $286.38 billion, a P/E ratio of 93.24, a P/E/G ratio of 4.55 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 1 year low of $137.77 and a 1 year high of $243.01.

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

Analyst Ratings Changes

A number of analysts recently commented on SAP shares. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen lifted their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Barclays lifted their price objective on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. JMP Securities lifted their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

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.