Aaron Wealth Advisors LLC Boosts Position in SAP SE (NYSE:SAP)

Aaron Wealth Advisors LLC boosted its position in shares of SAP SE (NYSE:SAP) by 20.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,089 shares of the software maker’s stock after acquiring an additional 1,374 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in SAP were worth $1,853,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SAP. SageView Advisory Group LLC purchased a new stake in SAP during the fourth quarter valued at $199,000. CWM LLC increased its position in SAP by 24.6% during the first quarter. CWM LLC now owns 2,627 shares of the software maker’s stock valued at $512,000 after acquiring an additional 519 shares during the last quarter. Mather Group LLC. purchased a new stake in SAP during the first quarter valued at $135,000. Wedmont Private Capital purchased a new stake in SAP during the first quarter valued at $212,000. Finally, First Affirmative Financial Network increased its position in SAP by 1.6% during the first quarter. First Affirmative Financial Network now owns 5,355 shares of the software maker’s stock valued at $1,044,000 after acquiring an additional 82 shares during the last quarter.

Analyst Ratings Changes

SAP has been the subject of a number of analyst reports. BMO Capital Markets cut SAP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. TD Cowen upped their price target on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays increased their target price on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, JMP Securities increased their target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average target price of $232.17.

SAP Price Performance

SAP stock traded up $1.38 during midday trading on Friday, reaching $230.22. 109,966 shares of the stock traded hands, compared to its average volume of 779,453. The stock’s fifty day moving average is $220.94 and its 200-day moving average is $203.11. SAP SE has a 12 month low of $130.08 and a 12 month high of $232.23. The stock has a market cap of $282.83 billion, a P/E ratio of 49.91, a PEG ratio of 4.46 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. As a group, equities research analysts anticipate that SAP SE will post 4.78 EPS for the current 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.