Aptus Capital Advisors LLC Invests $206,000 in SAP SE (NYSE:SAP)

Aptus Capital Advisors LLC acquired a new stake in SAP SE (NYSE:SAP) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 901 shares of the software maker’s stock, valued at approximately $206,000.

Several other hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC lifted its position in shares of SAP by 113.3% during the first quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after purchasing an additional 8,003 shares in the last quarter. Creative Planning boosted its position in SAP by 18.0% in the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after buying an additional 14,546 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in shares of SAP in the third quarter worth $3,780,000. Dash Acquisitions Inc. increased its position in shares of SAP by 2.8% during the third quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock worth $19,039,000 after acquiring an additional 2,175 shares during the period. Finally, CWM LLC raised its stake in shares of SAP by 9.1% in the second quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after acquiring an additional 240 shares in the last quarter.

SAP Stock Down 1.3 %

Shares of NYSE:SAP opened at $228.31 on Friday. The firm has a 50 day simple moving average of $228.97 and a 200-day simple moving average of $210.25. SAP SE has a twelve month low of $148.10 and a twelve month high of $243.01. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $280.48 billion, a PE ratio of 91.32, a P/E/G ratio of 4.44 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that SAP SE will post 4.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SAP. BMO Capital Markets boosted their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities increased their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen lifted their price objective on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP 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.