1,073 Shares in SAP SE (NYSE:SAP) Bought by DGS Capital Management LLC

DGS Capital Management LLC acquired a new stake in SAP SE (NYSE:SAP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,073 shares of the software maker’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of SAP in the second quarter valued at $1,774,000. Blue Trust Inc. raised its holdings in SAP by 56.6% in the 2nd quarter. Blue Trust Inc. now owns 2,366 shares of the software maker’s stock valued at $462,000 after acquiring an additional 855 shares during the period. Raymond James & Associates boosted its holdings in shares of 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 period. Western Wealth Management LLC grew its position in shares of SAP by 8.9% in the second quarter. Western Wealth Management LLC now owns 2,136 shares of the software maker’s stock valued at $431,000 after purchasing an additional 175 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of SAP by 137.1% during the second quarter. First Horizon Advisors Inc. now owns 2,544 shares of the software maker’s stock worth $513,000 after purchasing an additional 1,471 shares during the period.

SAP Stock Performance

Shares of SAP stock opened at $253.42 on Friday. The stock has a market cap of $311.33 billion, a price-to-earnings ratio of 101.37, a P/E/G ratio of 4.87 and a beta of 1.23. SAP SE has a twelve month low of $148.38 and a twelve month high of $256.13. The company’s fifty day moving average is $236.50 and its 200 day moving average is $217.58. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. SAP’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that SAP SE will post 4.83 EPS for the current year.

Wall Street Analyst Weigh In

SAP has been the subject of a number of research reports. BMO Capital Markets lifted their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen upped their target price on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities raised their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.