Prospera Private Wealth LLC Invests $47,000 in SAP SE (NYSE:SAP)

Prospera Private Wealth LLC purchased a new stake in SAP SE (NYSE:SAP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 206 shares of the software maker’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James & Associates boosted its stake in shares of SAP by 3.7% during the second quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock worth $127,473,000 after buying an additional 22,438 shares during the period. Principal Financial Group Inc. raised its stake in SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after acquiring an additional 4,775 shares during the last quarter. NewEdge Advisors LLC lifted its position in SAP by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after acquiring an additional 15,604 shares during the period. International Assets Investment Management LLC purchased a new position in shares of SAP in the 3rd quarter valued at approximately $40,573,000. Finally, Sei Investments Co. increased its holdings in shares of SAP by 4.2% in the second quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock valued at $33,941,000 after purchasing an additional 6,785 shares during the period.

Analysts Set New Price Targets

SAP has been the topic of a number of analyst reports. JMP Securities lifted their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen lifted their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays lifted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Stock Performance

NYSE SAP opened at $236.21 on Friday. The business has a 50 day moving average price of $230.65 and a 200 day moving average price of $212.06. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $290.18 billion, a P/E ratio of 94.48, a PEG ratio of 4.50 and a beta of 1.25. SAP SE has a 1-year low of $148.38 and a 1-year high of $243.01.

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 the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. Sell-side analysts expect that SAP SE will post 4.85 EPS for the current fiscal year.

SAP Company 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.