PDS Planning Inc Raises Stock Position in SAP SE (NYSE:SAP)

PDS Planning Inc boosted its position in SAP SE (NYSE:SAP) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,994 shares of the software maker’s stock after purchasing an additional 51 shares during the quarter. PDS Planning Inc’s holdings in SAP were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Modera Wealth Management LLC lifted its stake in SAP by 1.4% during the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after purchasing an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of SAP by 3.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after acquiring an additional 51 shares in the last quarter. RFP Financial Group LLC lifted its holdings in shares of SAP by 17.5% in the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after acquiring an additional 52 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after purchasing an additional 52 shares during the last quarter. Finally, PFG Investments LLC raised its position in SAP by 2.6% in the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock worth $490,000 after purchasing an additional 61 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SAP shares. TD Cowen raised their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Barclays increased their price target 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. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. JMP Securities raised their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets upped their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Down 0.2 %

Shares of NYSE SAP traded down $0.43 during midday trading on Monday, hitting $232.68. The stock had a trading volume of 68,746 shares, compared to its average volume of 793,786. The business’s 50 day moving average is $225.51 and its 200-day moving average is $207.05. SAP SE has a 52 week low of $137.77 and a 52 week high of $243.01. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market cap of $285.85 billion, a P/E ratio of 93.24, a PEG ratio of 4.47 and a beta of 1.25.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts predict that SAP SE will post 4.9 EPS for the current 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.