World Investment Advisors LLC Takes $227,000 Position in SAP SE (NYSE:SAP)

World Investment Advisors LLC acquired a new position in shares of SAP SE (NYSE:SAP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 990 shares of the software maker’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Godsey & Gibb Inc. bought a new position in SAP in the 3rd quarter worth approximately $25,000. POM Investment Strategies LLC increased its position in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares during the period. Crewe Advisors LLC boosted its holdings in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 127 shares during the period. Brooklyn Investment Group acquired a new stake in SAP in the 3rd quarter worth $42,000. Finally, LRI Investments LLC increased its holdings in shares of SAP by 68.3% during the 2nd quarter. LRI Investments LLC now owns 212 shares of the software maker’s stock worth $43,000 after purchasing an additional 86 shares during the period.

Wall Street Analyst Weigh In

SAP has been the subject of several research reports. JMP Securities increased their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Barclays boosted their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen raised their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.33.

SAP Price Performance

Shares of SAP stock opened at $245.69 on Friday. The stock’s fifty day simple moving average is $238.42 and its 200 day simple moving average is $219.30. SAP SE has a one year low of $148.38 and a one year high of $256.13. The firm has a market cap of $301.83 billion, a price-to-earnings ratio of 98.28, a P/E/G ratio of 4.94 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 EPS. On average, analysts expect that SAP SE will post 4.8 earnings per share for the current fiscal year.

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.