Johnson Bixby & Associates LLC Buys Shares of 900 SAP SE (NYSE:SAP)

Johnson Bixby & Associates LLC acquired a new stake in shares of SAP SE (NYSE:SAP) during the third quarter, HoldingsChannel reports. The institutional investor acquired 900 shares of the software maker’s stock, valued at approximately $206,000.

A number of other large investors have also made changes to their positions in SAP. Cetera Advisors LLC boosted its stake in SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after buying an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in SAP by 21.1% in the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after buying an additional 4,596 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in SAP in the 1st quarter worth about $237,000. CWM LLC boosted its stake in SAP by 9.1% in the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock worth $578,000 after buying an additional 240 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in SAP by 4.2% in the 2nd quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after buying an additional 6,785 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JMP Securities raised 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. Barclays raised their price target on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. TD Cowen raised their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets lifted their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $232.17.

SAP Trading Up 1.5 %

Shares of NYSE SAP traded up $3.38 during midday trading on Friday, hitting $228.15. The stock had a trading volume of 553,546 shares, compared to its average volume of 782,234. The company has a fifty day moving average price of $218.72 and a 200 day moving average price of $202.20. The company has a market capitalization of $280.28 billion, a price-to-earnings ratio of 98.34, a PEG ratio of 4.40 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP SE has a 1-year low of $127.30 and a 1-year high of $231.13.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm 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 for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. On average, analysts predict that SAP SE will post 4.78 earnings per share for the current year.

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.