Vest Financial LLC Makes New $217,000 Investment in SAP SE $SAP

Vest Financial LLC bought a new position in SAP SE (NYSE:SAP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 713 shares of the software maker’s stock, valued at approximately $217,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Yousif Capital Management LLC increased its stake in SAP by 7.3% in the 2nd quarter. Yousif Capital Management LLC now owns 15,453 shares of the software maker’s stock worth $4,699,000 after acquiring an additional 1,054 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in SAP by 108.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 128,100 shares of the software maker’s stock worth $38,517,000 after acquiring an additional 66,551 shares during the last quarter. Ellis Investment Partners LLC bought a new position in SAP in the 2nd quarter worth about $203,000. CWM LLC increased its stake in SAP by 14.8% in the 2nd quarter. CWM LLC now owns 3,552 shares of the software maker’s stock worth $1,080,000 after acquiring an additional 457 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of SAP by 14.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 59,496 shares of the software maker’s stock worth $18,096,000 after purchasing an additional 7,663 shares in the last quarter.

SAP Trading Up 0.3%

Shares of SAP stock opened at $271.42 on Thursday. The stock has a market capitalization of $333.44 billion, a PE ratio of 44.94, a P/E/G ratio of 4.03 and a beta of 1.28. SAP SE has a 1-year low of $227.52 and a 1-year high of $313.28. The business has a 50-day moving average of $270.64 and a 200 day moving average of $282.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The company had revenue of $10.58 billion during the quarter, compared to analysts’ expectations of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.SAP’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. As a group, sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays reiterated an “overweight” rating and issued a $322.00 price objective (up from $308.00) on shares of SAP in a report on Friday, July 25th. Erste Group Bank cut SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of SAP in a report on Wednesday, October 8th. Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Finally, JMP Securities upped their price objective on SAP from $330.00 to $375.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, SAP has a consensus rating of “Buy” and a consensus price target of $281.67.

About SAP

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.