Stifel Financial Corp Raises Holdings in SAP SE (SAP)

Stifel Financial Corp grew its position in SAP SE (NYSE:SAP) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,919 shares of the software maker’s stock after buying an additional 1,580 shares during the quarter. Stifel Financial Corp’s holdings in SAP were worth $11,626,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC purchased a new stake in shares of SAP in the 3rd quarter worth $100,000. Parallel Advisors LLC lifted its holdings in shares of SAP by 32.4% in the 2nd quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after buying an additional 234 shares during the period. IFP Advisors Inc lifted its holdings in shares of SAP by 29.4% in the 2nd quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after buying an additional 331 shares during the period. Fiduciary Trust Co. bought a new position in shares of SAP in the 2nd quarter worth $157,000. Finally, Dixon Hubard Feinour & Brown Inc. VA bought a new position in shares of SAP in the 3rd quarter worth $203,000. Institutional investors and hedge funds own 3.68% of the company’s stock.

Several research firms have recently commented on SAP. Royal Bank Of Canada reissued a “neutral” rating on shares of SAP in a research report on Monday, October 16th. Argus boosted their price target on SAP from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Monday, October 23rd. Oppenheimer reissued a “buy” rating and issued a $120.00 price target on shares of SAP in a research report on Tuesday, November 14th. Finally, DZ Bank reissued a “buy” rating on shares of SAP in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $106.91.

Shares of SAP SE (NYSE:SAP) traded up $0.13 during trading hours on Monday, reaching $112.55. The company had a trading volume of 256,900 shares, compared to its average volume of 701,240. SAP SE has a 12 month low of $84.03 and a 12 month high of $116.90. The firm has a market cap of $136,780.00, a price-to-earnings ratio of 31.35, a P/E/G ratio of 3.25 and a beta of 1.13. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24.

SAP (NYSE:SAP) last announced its earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.12. SAP had a return on equity of 15.43% and a net margin of 15.80%. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.68 billion. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. equities analysts predict that SAP SE will post 4.13 earnings per share for the current fiscal year.

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About SAP

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

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Institutional Ownership by Quarter for SAP (NYSE:SAP)

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