Riversedge Advisors LLC Invests $216,000 in SAP SE (NYSE:SAP)

Riversedge Advisors LLC acquired a new position in shares of SAP SE (NYSE:SAP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 944 shares of the software maker’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently added to or reduced their stakes in SAP. Westfield Capital Management Co. LP purchased a new position in SAP in the 1st quarter valued at approximately $58,936,000. Principal Financial Group Inc. grew its position in SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after acquiring an additional 108,729 shares during the period. Marshall Wace LLP purchased a new position in SAP in the second quarter valued at approximately $21,479,000. Hantz Financial Services Inc. acquired a new position in shares of SAP during the 2nd quarter valued at $20,532,000. Finally, GQG Partners LLC purchased a new stake in shares of SAP in the first quarter worth about $14,940,000.

Wall Street Analyst Weigh In

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

SAP Stock Down 0.1 %

NYSE SAP traded down $0.19 during trading on Thursday, hitting $229.25. The stock had a trading volume of 220,190 shares, compared to its average volume of 781,012. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. SAP SE has a 12 month low of $127.30 and a 12 month high of $232.23. The company’s 50-day moving average price is $220.49 and its two-hundred day moving average price is $202.93. The company has a market capitalization of $281.63 billion, a PE ratio of 49.78, a P/E/G ratio of 4.32 and a beta of 1.25.

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

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.