Trivest Advisors Ltd Makes New Investment in SAP SE $SAP

Trivest Advisors Ltd purchased 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 SEC. The fund purchased 172,000 shares of the software maker’s stock, valued at approximately $52,305,000. SAP comprises about 2.0% of Trivest Advisors Ltd’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors have also recently made changes to their positions in SAP. Central Pacific Bank Trust Division acquired a new position in shares of SAP during the 2nd quarter worth approximately $920,000. Modern Wealth Management LLC grew its holdings in SAP by 292.2% in the 1st quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker’s stock valued at $1,252,000 after buying an additional 3,474 shares in the last quarter. Ascent Group LLC grew its holdings in SAP by 196.3% in the 1st quarter. Ascent Group LLC now owns 4,175 shares of the software maker’s stock valued at $1,121,000 after buying an additional 2,766 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in SAP by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock valued at $354,048,000 after buying an additional 80,164 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC acquired a new position in SAP in the 1st quarter valued at $13,869,000.

SAP Stock Performance

NYSE:SAP opened at $261.10 on Thursday. The stock has a fifty day moving average price of $267.97 and a 200-day moving average price of $283.89. The company has a market cap of $320.76 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 3.83 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.11. SAP SE has a fifty-two week low of $227.52 and a fifty-two week high of $313.28.

SAP (NYSE:SAP) last released its 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 during 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 was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. As a group, equities analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $375.00 price objective 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 report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SAP in a report on Friday, October 31st. Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Friday, October 31st. Finally, Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and a consensus target price 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.