Haven Private LLC Purchases Shares of 709 SAP SE $SAP

Haven Private LLC purchased a new stake in shares of SAP SE (NYSE:SAP) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 709 shares of the software maker’s stock, valued at approximately $216,000.

Several other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. raised its position in shares of SAP by 3.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock worth $338,000 after acquiring an additional 34 shares in the last quarter. Independent Advisor Alliance raised its position in shares of SAP by 0.4% in the 1st quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker’s stock worth $2,673,000 after acquiring an additional 35 shares in the last quarter. Cordatus Wealth Management LLC raised its position in shares of SAP by 1.1% in the 1st quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker’s stock worth $889,000 after acquiring an additional 37 shares in the last quarter. Sage Rhino Capital LLC raised its position in shares of SAP by 1.1% in the 2nd quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock worth $1,045,000 after acquiring an additional 37 shares in the last quarter. Finally, LCM Capital Management Inc raised its position in shares of SAP by 1.9% in the 1st quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker’s stock worth $557,000 after acquiring an additional 39 shares in the last quarter.

SAP Stock Up 0.4%

SAP stock opened at $260.14 on Friday. The business has a 50 day moving average of $268.59 and a 200 day moving average of $283.67. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. SAP SE has a twelve month low of $227.52 and a twelve month high of $313.28. The firm has a market cap of $319.59 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 3.83 and a beta of 1.28.

SAP (NYSE:SAP) last issued its earnings results 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 business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the business posted $1.23 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. On average, research analysts forecast that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the subject of several research reports. Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Monday. BMO Capital Markets reduced their price objective on SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Barclays raised their price objective on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $284.33.

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.