Princeton Global Asset Management LLC Purchases Shares of 125 SAP SE $SAP

Princeton Global Asset Management LLC purchased a new stake in SAP SE (NYSE:SAP) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 125 shares of the software maker’s stock, valued at approximately $38,000.

A number of other hedge funds also recently bought and sold shares of the stock. West Tower Group LLC acquired a new stake in SAP in the 2nd quarter valued at about $304,000. Calamos Wealth Management LLC raised its position in SAP by 4.9% in the 2nd quarter. Calamos Wealth Management LLC now owns 17,878 shares of the software maker’s stock valued at $5,437,000 after purchasing an additional 833 shares in the last quarter. Cidel Asset Management Inc. raised its position in SAP by 20.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 127,005 shares of the software maker’s stock valued at $38,622,000 after purchasing an additional 21,372 shares in the last quarter. Wealthstream Advisors Inc. raised its position in SAP by 40.5% in the 2nd quarter. Wealthstream Advisors Inc. now owns 1,158 shares of the software maker’s stock valued at $352,000 after purchasing an additional 334 shares in the last quarter. Finally, TrueMark Investments LLC raised its position in SAP by 18.0% in the 2nd quarter. TrueMark Investments LLC now owns 1,510 shares of the software maker’s stock valued at $459,000 after purchasing an additional 230 shares in the last quarter.

Wall Street Analysts Forecast Growth

SAP has been the topic of several research analyst reports. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Barclays reissued an “overweight” rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. JMP Securities raised their target price on SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 23rd. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th. Finally, Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, SAP presently has an average rating of “Buy” and an average price target of $281.67.

SAP Trading Up 1.0%

NYSE:SAP opened at $280.61 on Wednesday. The stock’s 50 day moving average price is $269.65 and its 200 day moving average price is $282.76. The company has a market capitalization of $344.73 billion, a PE ratio of 46.46, a P/E/G ratio of 4.13 and a beta of 1.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 52-week low of $227.52 and a 52-week high of $313.28.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The firm had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. On average, research analysts anticipate that SAP SE will post 6.55 EPS for the current year.

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.