Waldron Private Wealth LLC Acquires New Position in SAP SE (NYSE:SAP)

Waldron Private Wealth LLC bought a new position in shares of SAP SE (NYSE:SAP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,132 shares of the software maker’s stock, valued at approximately $259,000.

Several other large investors have also added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of SAP during the 3rd quarter valued at $136,000. Signaturefd LLC increased its stake in SAP by 5.2% in the 3rd quarter. Signaturefd LLC now owns 19,822 shares of the software maker’s stock worth $4,541,000 after buying an additional 982 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in SAP by 5.3% during the third quarter. Sequoia Financial Advisors LLC now owns 11,032 shares of the software maker’s stock valued at $2,528,000 after acquiring an additional 560 shares during the period. Whittier Trust Co. lifted its position in shares of SAP by 16.2% in the third quarter. Whittier Trust Co. now owns 6,172 shares of the software maker’s stock valued at $1,414,000 after acquiring an additional 861 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in shares of SAP in the third quarter worth about $103,000.

SAP Stock Performance

SAP stock opened at $234.60 on Thursday. The company’s 50-day moving average price is $222.71 and its 200-day moving average price is $204.27. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market cap of $288.21 billion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 4.37 and a beta of 1.25. SAP SE has a twelve month low of $130.63 and a twelve month high of $237.72.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. On average, equities research analysts forecast that SAP SE will post 4.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on SAP shares. TD Cowen boosted their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday. Barclays boosted their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, JMP Securities increased their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average price target of $252.33.

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.