SAP SE (SAP) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors lifted its stake in shares of SAP SE (NYSE:SAP) by 1.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 53,300 shares of the software maker’s stock after acquiring an additional 900 shares during the period. Nationwide Fund Advisors’ holdings in SAP were worth $5,844,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of SAP. Parallel Advisors LLC lifted its holdings in shares of SAP by 32.4% during the 2nd quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after acquiring an additional 234 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of SAP by 29.4% during the 2nd quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after acquiring an additional 331 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of SAP during the 2nd quarter worth $157,000. Intercontinental Wealth Advisors LLC bought a new stake in shares of SAP during the 2nd quarter worth $220,000. Finally, Eaton Vance Management lifted its holdings in shares of SAP by 1.1% during the 2nd quarter. Eaton Vance Management now owns 2,176 shares of the software maker’s stock worth $228,000 after acquiring an additional 23 shares during the last quarter. 3.68% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of SAP from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Wednesday. Royal Bank of Canada reaffirmed a “neutral” rating on shares of SAP in a report on Monday, October 16th. Berenberg Bank assumed coverage on shares of SAP in a report on Wednesday, August 23rd. They set a “buy” rating for the company. Morgan Stanley reaffirmed a “buy” rating on shares of SAP in a report on Monday, October 16th. Finally, BMO Capital Markets initiated coverage on shares of SAP in a research note on Friday, October 20th. They issued a “market perform” rating and a $115.00 price target for the company. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $106.73.
SAP SE (SAP) traded up $0.64 during trading on Wednesday, reaching $112.67. 467,500 shares of the company’s stock traded hands, compared to its average volume of 699,619. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $137,684.88, a P/E ratio of 31.21, a PEG ratio of 3.23 and a beta of 1.13. SAP SE has a 1-year low of $84.14 and a 1-year high of $116.90.
SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.68 billion. SAP had a net margin of 15.80% and a return on equity of 15.43%. SAP’s quarterly revenue was up 4.0% compared to the same quarter last year. analysts predict that SAP SE will post 4.13 earnings per share for the current year.
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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