Sequoia Financial Advisors LLC Has $2.53 Million Position in SAP SE (NYSE:SAP)

Sequoia Financial Advisors LLC increased its position in shares of SAP SE (NYSE:SAP) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,032 shares of the software maker’s stock after purchasing an additional 560 shares during the period. Sequoia Financial Advisors LLC’s holdings in SAP were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new stake in SAP during the 3rd quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in SAP during the 1st quarter worth approximately $25,000. POM Investment Strategies LLC lifted its holdings in SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC lifted its holdings in SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in SAP during the 1st quarter worth approximately $29,000.

SAP Trading Up 1.0 %

NYSE SAP opened at $234.60 on Thursday. 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 twelve month low of $130.63 and a twelve month high of $237.72. The company has a market cap of $288.21 billion, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 4.37 and a beta of 1.25. The business’s fifty day moving average is $222.71 and its 200 day moving average is $204.27.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the business earned $1.20 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that SAP SE will post 4.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on SAP. TD Cowen lifted their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday. JMP Securities lifted their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday. BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays lifted their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $252.33.

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.