Perennial Investment Advisors LLC Acquires Shares of 852 SAP SE $SAP

Perennial Investment Advisors LLC acquired a new stake in SAP SE (NYSE:SAP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 852 shares of the software maker’s stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. acquired a new position in SAP during the second quarter valued at approximately $31,000. Motco boosted its position in shares of SAP by 400.0% during the second quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of SAP in the 2nd quarter valued at $38,000. Solstein Capital LLC bought a new stake in shares of SAP in the 2nd quarter valued at $40,000. Finally, Dagco Inc. acquired a new stake in SAP during the 1st quarter worth $45,000.

SAP Trading Down 0.0%

SAP stock opened at $237.93 on Thursday. The company has a market cap of $292.29 billion, a price-to-earnings ratio of 35.62, a P/E/G ratio of 3.83 and a beta of 1.18. The firm has a 50-day moving average of $263.52 and a 200-day moving average of $281.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03. SAP SE has a one year low of $231.29 and a one year high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, beating the consensus estimate of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm posted $1.23 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts expect that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SAP shares. Argus restated a “buy” rating and issued a $320.00 price target on shares of SAP in a report on Friday, October 24th. BMO Capital Markets cut their price target on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. JMP Securities reissued a “market outperform” rating and set a $375.00 price objective on shares of SAP in a research report on Thursday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research report on Monday, October 27th. Finally, Barclays lifted their price target on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $284.33.

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.