Everpar Advisors LLC Takes Position in SAP SE (NYSE:SAP)

Everpar Advisors LLC acquired a new position in SAP SE (NYSE:SAP) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 838 shares of the software maker’s stock, valued at approximately $206,000.

Several other hedge funds have also recently bought and sold shares of the business. Godsey & Gibb Inc. acquired a new position in SAP during the third quarter valued at approximately $25,000. Brooklyn Investment Group bought a new stake in shares of SAP during the 3rd quarter worth $42,000. Prospera Private Wealth LLC acquired a new position in SAP in the 3rd quarter valued at $47,000. Versant Capital Management Inc bought a new position in SAP in the 4th quarter worth $54,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in SAP during the 3rd quarter worth $59,000.

SAP Trading Up 0.4 %

Shares of SAP stock opened at $262.74 on Friday. The firm has a fifty day moving average of $245.17 and a 200-day moving average of $227.47. The stock has a market cap of $322.77 billion, a price-to-earnings ratio of 105.09, a P/E/G ratio of 3.56 and a beta of 1.22. SAP SE has a 52-week low of $158.94 and a 52-week high of $264.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last posted 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). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the company earned $1.20 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that SAP SE will post 4.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Barclays lifted their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $305.00 in a research note on Friday. Finally, JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $263.17.

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.