SAP SE $SAP Shares Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC raised its position in SAP SE (NYSE:SAP) by 31.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,788 shares of the software maker’s stock after acquiring an additional 914 shares during the period. Simon Quick Advisors LLC’s holdings in SAP were worth $1,152,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vermillion Wealth Management Inc. acquired a new stake in shares of SAP in the 2nd quarter worth $31,000. Princeton Global Asset Management LLC purchased a new position in shares of SAP during the 2nd quarter worth approximately $38,000. Motco raised its stake in shares of SAP by 400.0% during the 2nd quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Solstein Capital LLC purchased a new position in shares of SAP during the 2nd quarter worth approximately $40,000. Finally, Dagco Inc. purchased a new position in shares of SAP during the 1st quarter worth approximately $45,000.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAP. Erste Group Bank downgraded SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of SAP in a research note on Wednesday, October 8th. Argus reiterated a “buy” rating and issued a $320.00 price objective on shares of SAP in a research note on Friday, October 24th. Barclays raised their price objective on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Finally, Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $284.33.

SAP Stock Performance

Shares of SAP opened at $259.42 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock has a market cap of $318.69 billion, a P/E ratio of 38.83, a PEG ratio of 3.83 and a beta of 1.28. The company has a 50-day moving average of $268.80 and a two-hundred day moving average of $283.66. SAP SE has a 12-month low of $227.52 and a 12-month high of $313.28.

SAP (NYSE:SAP) last announced its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 earnings per share. As a group, research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

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.