SAP SE (NYSE:SAP) Stock Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in SAP SE (NYSE:SAP) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 611,572 shares of the software maker’s stock after acquiring an additional 4,775 shares during the period. Principal Financial Group Inc.’s holdings in SAP were worth $140,111,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Modera Wealth Management LLC boosted its stake in SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock valued at $754,000 after purchasing an additional 50 shares during the period. Great Valley Advisor Group Inc. increased its position in SAP by 3.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after acquiring an additional 51 shares during the period. PDS Planning Inc raised its stake in SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after acquiring an additional 51 shares in the last quarter. RFP Financial Group LLC boosted 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 acquiring an additional 52 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in shares of SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after purchasing an additional 52 shares in the last quarter.

SAP Price Performance

NYSE SAP opened at $237.57 on Friday. 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 $142.39 and a 1 year high of $243.01. The company has a market cap of $291.85 billion, a PE ratio of 95.03, a PEG ratio of 4.43 and a beta of 1.25. The stock’s 50-day moving average price is $227.28 and its two-hundred day moving average price is $208.66.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that SAP SE will post 4.9 EPS for the current year.

Analyst Ratings Changes

SAP has been the subject of a number of recent analyst reports. Barclays increased 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. JMP Securities boosted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. TD Cowen lifted their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets lifted their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. One investment 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, SAP has an average rating of “Moderate Buy” and a consensus price target of $252.33.

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.