Naviter Wealth LLC Purchases 168 Shares of SAP SE (NYSE:SAP)

Naviter Wealth LLC lifted its position in SAP SE (NYSE:SAP) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,334 shares of the software maker’s stock after buying an additional 168 shares during the period. Naviter Wealth LLC’s holdings in SAP were worth $4,888,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SageView Advisory Group LLC bought a new stake in SAP in the 4th quarter valued at approximately $199,000. HighPoint Advisor Group LLC bought a new stake in shares of SAP during the fourth quarter worth approximately $876,000. CWM LLC grew its position in shares of SAP by 24.6% in the first quarter. CWM LLC now owns 2,627 shares of the software maker’s stock valued at $512,000 after purchasing an additional 519 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of SAP by 13.3% during the first quarter. GAMMA Investing LLC now owns 2,794 shares of the software maker’s stock worth $545,000 after purchasing an additional 328 shares during the period. Finally, Mather Group LLC. acquired a new stake in SAP during the 1st quarter worth approximately $135,000.

SAP Stock Performance

Shares of SAP traded down $0.08 on Thursday, reaching $229.36. 32,126 shares of the company’s stock traded hands, compared to its average volume of 780,077. The stock has a market cap of $281.77 billion, a PE ratio of 49.78, a PEG ratio of 4.32 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $220.49 and its two-hundred day simple moving average is $202.93. SAP SE has a 52-week low of $127.30 and a 52-week high of $232.23.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts forecast that SAP SE will post 4.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on SAP. TD Cowen increased their target price on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a 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 lifted their price target on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. JMP Securities lifted their target price on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets cut shares of SAP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $232.17.

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.