974 Shares in SAP SE (NYSE:SAP) Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. acquired a new stake in SAP SE (NYSE:SAP) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 974 shares of the software maker’s stock, valued at approximately $223,000.

Other hedge funds have also added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new stake in shares of SAP in the third quarter valued at approximately $25,000. LRI Investments LLC bought a new position in shares of SAP during the 1st quarter worth $25,000. POM Investment Strategies LLC increased its stake in shares of SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the period. Crewe Advisors LLC raised its holdings in shares of 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 acquiring an additional 127 shares in the last quarter. Finally, Atticus Wealth Management LLC purchased a new stake in SAP in the second quarter worth about $40,000.

Wall Street Analyst Weigh In

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

SAP Stock Up 0.1 %

SAP stock opened at $236.25 on Monday. The business has a fifty day moving average price of $230.65 and a 200-day moving average price of $212.39. SAP SE has a 1-year low of $148.38 and a 1-year high of $243.01. The stock has a market capitalization of $290.23 billion, a price-to-earnings ratio of 94.50, a PEG ratio of 4.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the business posted $1.20 EPS. SAP’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that SAP SE will post 4.89 EPS for the current fiscal 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.