Seeds Investor LLC Raises Stake in SAP SE $SAP

Seeds Investor LLC lifted its stake in shares of SAP SE (NYSE:SAP) by 12.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,503 shares of the software maker’s stock after purchasing an additional 278 shares during the quarter. Seeds Investor LLC’s holdings in SAP were worth $761,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAP. Vermillion Wealth Management Inc. acquired a new position in SAP during the second quarter worth about $31,000. Motco boosted its stake in shares of SAP by 400.0% during the 2nd quarter. Motco now owns 125 shares of the software maker’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of SAP in the 2nd quarter worth approximately $38,000. Solstein Capital LLC purchased a new position in SAP in the 2nd quarter valued at approximately $40,000. Finally, Dagco Inc. purchased a new position in SAP in the 1st quarter valued at approximately $45,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on SAP shares. Cowen reissued a “buy” rating on shares of SAP in a report on Thursday, October 23rd. 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 for the company in a report on Thursday, October 23rd. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of SAP in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $284.33.

SAP Price Performance

SAP stock opened at $233.75 on Friday. The stock has a market capitalization of $287.16 billion, a P/E ratio of 34.99, a P/E/G ratio of 3.83 and a beta of 1.18. SAP SE has a 12-month low of $231.55 and a 12-month 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 firm’s 50-day moving average is $263.03 and its two-hundred day moving average is $281.39.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. SAP had a net margin of 19.50% and a return on equity of 15.69%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Equities analysts predict that SAP SE will post 6.55 earnings per share for the current year.

About SAP

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.