RPg Family Wealth Advisory LLC Invests $5.23 Million in SAP SE $SAP

RPg Family Wealth Advisory LLC bought a new stake in SAP SE (NYSE:SAP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,184 shares of the software maker’s stock, valued at approximately $5,226,000. SAP comprises approximately 1.4% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berbice Capital Management LLC raised its position in SAP by 22.2% in the second quarter. Berbice Capital Management LLC now owns 550 shares of the software maker’s stock valued at $167,000 after purchasing an additional 100 shares during the period. Brandes Investment Partners LP raised its stake in SAP by 36.4% in the second quarter. Brandes Investment Partners LP now owns 74,013 shares of the software maker’s stock valued at $22,511,000 after buying an additional 19,757 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in SAP by 9.0% during the 2nd quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock worth $4,305,242,000 after buying an additional 1,163,616 shares during the last quarter. Lido Advisors LLC boosted its position in shares of SAP by 132.3% during the 2nd quarter. Lido Advisors LLC now owns 12,485 shares of the software maker’s stock worth $3,797,000 after acquiring an additional 7,110 shares in the last quarter. Finally, Leuthold Group LLC purchased a new position in shares of SAP in the 2nd quarter valued at about $380,000.

SAP Price Performance

Shares of NYSE SAP opened at $241.75 on Wednesday. The stock has a fifty day moving average price of $259.57 and a 200 day moving average price of $278.11. SAP SE has a 1-year low of $233.51 and a 1-year high of $313.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.03. The company has a market cap of $296.98 billion, a PE ratio of 36.19, a P/E/G ratio of 3.83 and a beta of 1.18.

SAP (NYSE:SAP) last released its earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, topping the consensus estimate of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter last year, the business earned $1.23 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Sell-side analysts forecast that SAP SE will post 6.55 EPS for the current year.

Analyst Upgrades and Downgrades

SAP has been the subject of several recent analyst reports. Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Barclays boosted their price objective on shares of SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. BMO Capital Markets dropped their target price on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Cowen restated a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $284.33.

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.