Riversedge Advisors LLC Buys 201 Shares of SAP SE (NYSE:SAP)

Riversedge Advisors LLC grew its position in shares of SAP SE (NYSE:SAP) by 21.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,145 shares of the software maker’s stock after acquiring an additional 201 shares during the quarter. Riversedge Advisors LLC’s holdings in SAP were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. FMR LLC increased its holdings in SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of SAP during the 3rd quarter valued at $40,573,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of SAP in the 2nd quarter worth $21,479,000. Finally, Mediolanum International Funds Ltd bought a new position in SAP in the 3rd quarter worth $17,376,000.

SAP Price Performance

Shares of NYSE:SAP opened at $262.74 on Friday. The firm has a market cap of $322.77 billion, a price-to-earnings ratio of 105.09, a P/E/G ratio of 3.56 and a beta of 1.22. The firm has a fifty day moving average price of $245.68 and a 200 day moving average price of $227.91. SAP SE has a fifty-two week low of $158.94 and a fifty-two week high of $264.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.20 EPS. As a group, sell-side analysts expect that SAP SE will post 4.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAP has been the subject of a number of analyst reports. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price target for the stock from $240.00 to $305.00 in a research report on Friday. BMO Capital Markets increased their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. JMP Securities lifted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Barclays raised their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP currently has an average rating of “Buy” and a consensus price target of $263.17.

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.