SAP SE (NYSE:SAP) Shares Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC lifted its stake in shares of SAP SE (NYSE:SAP) by 4.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,946 shares of the software maker’s stock after purchasing an additional 129 shares during the period. Sivia Capital Partners LLC’s holdings in SAP were worth $675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Syon Capital LLC boosted its holdings in SAP by 31.9% in the fourth quarter. Syon Capital LLC now owns 3,996 shares of the software maker’s stock valued at $618,000 after purchasing an additional 967 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in shares of SAP in the fourth quarter valued at approximately $199,000. PNC Financial Services Group Inc. boosted its holdings in shares of SAP by 8.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 88,234 shares of the software maker’s stock valued at $13,640,000 after acquiring an additional 6,940 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of SAP in the fourth quarter valued at approximately $876,000. Finally, Adirondack Trust Co. boosted its holdings in shares of SAP by 121.1% in the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after acquiring an additional 109 shares during the period.

SAP Price Performance

SAP stock traded up $2.49 during trading hours on Monday, hitting $230.64. The stock had a trading volume of 233,078 shares, compared to its average volume of 779,461. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $283.34 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 4.32 and a beta of 1.25. SAP SE has a 1-year low of $127.30 and a 1-year high of $231.35. The stock’s fifty day moving average is $218.72 and its two-hundred day moving average is $202.24.

SAP (NYSE:SAP) last posted its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. As a group, analysts predict that SAP SE will post 4.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SAP shares. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets upped their price target on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. JMP Securities upped their price target on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. TD Cowen upped their price target on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, Barclays increased their price objective on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $232.17.

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.