Mid Atlantic Financial Management Inc. ADV acquired a new stake in SAP SE (NYSE:SAP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,544 shares of the software maker’s stock, valued at approximately $216,000.
A number of other institutional investors have also recently made changes to their positions in SAP. Raymond James Trust N.A. boosted its position in SAP by 2.9% in the second quarter. Raymond James Trust N.A. now owns 9,614 shares of the software maker’s stock worth $1,346,000 after purchasing an additional 274 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SAP by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 593,692 shares of the software maker’s stock valued at $83,117,000 after buying an additional 6,788 shares during the period. Prudential PLC raised its stake in shares of SAP by 19.5% in the first quarter. Prudential PLC now owns 31,416 shares of the software maker’s stock valued at $3,472,000 after buying an additional 5,123 shares during the period. Personal Capital Advisors Corp raised its stake in shares of SAP by 7.4% in the first quarter. Personal Capital Advisors Corp now owns 2,507 shares of the software maker’s stock valued at $277,000 after buying an additional 173 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in shares of SAP by 47.2% in the first quarter. 1832 Asset Management L.P. now owns 1,524 shares of the software maker’s stock valued at $170,000 after buying an additional 489 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on SAP shares. Oppenheimer started coverage on SAP in a research note on Tuesday, June 16th. They issued a “buy” rating and a $137.00 target price on the stock. Royal Bank of Canada restated a “neutral” rating on shares of SAP in a research note on Wednesday, July 29th. Barclays boosted their target price on SAP from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Deutsche Bank reiterated a “buy” rating on shares of SAP in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SAP in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $152.40.
Shares of NYSE SAP opened at $161.78 on Wednesday. The firm has a market capitalization of $191.55 billion, a P/E ratio of 34.74, a P/E/G ratio of 3.93 and a beta of 1.00. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.50. The stock’s 50-day simple moving average is $155.57 and its two-hundred day simple moving average is $130.81. SAP SE has a twelve month low of $90.89 and a twelve month high of $165.43.
SAP (NYSE:SAP) last announced its earnings results on Monday, July 27th. The software maker reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.69 billion. SAP had a return on equity of 16.31% and a net margin of 16.30%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. As a group, research analysts anticipate that SAP SE will post 5.1 EPS for the current fiscal year.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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