Great Valley Advisor Group Inc. Has $376,000 Holdings in SAP SE (NYSE:SAP)

Great Valley Advisor Group Inc. increased its holdings in SAP SE (NYSE:SAP) by 10.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,640 shares of the software maker’s stock after acquiring an additional 152 shares during the period. Great Valley Advisor Group Inc.’s holdings in SAP were worth $376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAP. Cetera Advisors LLC grew its position in SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after purchasing an additional 8,003 shares in the last quarter. Creative Planning grew its position in SAP by 18.0% in the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after purchasing an additional 14,546 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in SAP in the 3rd quarter worth about $3,780,000. Finally, Dash Acquisitions Inc. grew its position in SAP by 2.8% in the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock worth $19,039,000 after purchasing an additional 2,175 shares in the last quarter.

SAP Stock Down 1.2 %

SAP opened at $232.20 on Thursday. The company has a 50 day moving average of $231.31 and a 200 day moving average of $213.13. The company has a market cap of $285.26 billion, a PE ratio of 92.88, a price-to-earnings-growth ratio of 4.49 and a beta of 1.25. SAP SE has a 12 month low of $148.38 and a 12 month high of $243.01. 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 (NYSE:SAP) last posted its 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 firm had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts expect that SAP SE will post 4.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen increased their target price on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. 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. Finally, JMP Securities increased their target price 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. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently 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.