Meridian Wealth Management LLC Acquires Shares of 1,462 SAP SE $SAP

Meridian Wealth Management LLC acquired a new position in shares of SAP SE (NYSE:SAP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,462 shares of the software maker’s stock, valued at approximately $445,000.

Several other institutional investors and hedge funds have also made changes to their positions in SAP. Vermillion Wealth Management Inc. purchased a new position in SAP during the 2nd quarter worth approximately $31,000. Princeton Global Asset Management LLC acquired a new stake in shares of SAP in the second quarter valued at approximately $38,000. Motco grew 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 acquiring an additional 100 shares during the last quarter. Solstein Capital LLC acquired a new position in shares of SAP in the 2nd quarter valued at $40,000. Finally, Dagco Inc. purchased a new stake in SAP in the 1st quarter valued at $45,000.

SAP Stock Performance

Shares of SAP stock opened at $238.82 on Tuesday. 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 50 day simple moving average of $264.64 and a 200-day simple moving average of $282.48. The company has a market cap of $293.40 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18. SAP SE has a 12-month low of $229.26 and a 12-month high of $313.28.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SAP shares. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Monday, October 27th. JMP Securities reissued a “market outperform” rating and set a $375.00 price target on shares of SAP in a report on Thursday, October 23rd. Barclays upped their price objective on SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Finally, Argus reissued a “buy” rating and issued a $320.00 target price on shares of SAP in a 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 given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus 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.