Miracle Mile Advisors LLC Purchases Shares of 904 SAP SE (NYSE:SAP)

Miracle Mile Advisors LLC acquired a new position in shares of SAP SE (NYSE:SAP) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 904 shares of the software maker’s stock, valued at approximately $207,000.

Several other large investors have also made changes to their positions in SAP. Raymond James & Associates increased its stake in SAP by 3.7% during the second quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock worth $127,473,000 after acquiring an additional 22,438 shares during the last quarter. Principal Financial Group Inc. increased its position in SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after purchasing an additional 108,729 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in SAP during the 1st quarter worth approximately $58,936,000. NewEdge Advisors LLC raised its holdings in SAP by 8.6% in the second quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock valued at $39,934,000 after buying an additional 15,604 shares during the period. Finally, Sei Investments Co. grew its stake in SAP by 4.2% during the second 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 period.

Analyst Ratings Changes

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

SAP Trading Up 1.0 %

NYSE:SAP opened at $228.90 on Thursday. SAP SE has a one year low of $127.30 and a one year high of $231.13. The business’s 50-day simple moving average is $217.52 and its 200 day simple moving average is $201.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $281.20 billion, a price-to-earnings ratio of 49.65, a price-to-earnings-growth ratio of 4.25 and a beta of 1.25.

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