Quotient Wealth Partners LLC Buys Shares of 2,254 SAP SE (NYSE:SAP)

Quotient Wealth Partners LLC purchased a new position in shares of SAP SE (NYSE:SAP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,254 shares of the software maker’s stock, valued at approximately $455,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital International Investors lifted its position in SAP by 8.1% during the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after purchasing an additional 746,386 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of SAP during the 1st quarter valued at approximately $58,936,000. Verity & Verity LLC purchased a new stake in SAP in the 1st quarter worth approximately $35,000. International Assets Investment Management LLC bought a new stake in SAP during the 4th quarter worth approximately $17,255,000. Finally, Principal Financial Group Inc. lifted its holdings in SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after purchasing an additional 108,729 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAP. JMP Securities increased their price objective on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets increased their target price on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Barclays lifted their target price on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, 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. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $232.00.

SAP Price Performance

NYSE:SAP traded up $1.90 during trading hours on Friday, reaching $219.15. The stock had a trading volume of 1,285,335 shares, compared to its average volume of 784,120. The stock has a market capitalization of $258.50 billion, a PE ratio of 47.54, a PEG ratio of 4.27 and a beta of 1.25. SAP SE has a 52 week low of $126.75 and a 52 week high of $220.13. The company has a 50 day moving average price of $204.46 and a two-hundred day moving average price of $193.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. SAP’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts anticipate that SAP SE will post 4.75 earnings per share for the current fiscal year.

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.