Oppenheimer & Co. Inc. Invests $210,000 in SAP SE (NYSE:SAP)

Oppenheimer & Co. Inc. bought a new position in SAP SE (NYSE:SAP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 917 shares of the software maker’s stock, valued at approximately $210,000.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates raised its position in shares of SAP by 3.7% in the 2nd 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 in the last quarter. Principal Financial Group Inc. raised its position in shares of SAP by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after acquiring an additional 4,775 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of SAP by 8.6% in the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after acquiring an additional 15,604 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of SAP in the 3rd quarter worth approximately $40,573,000. Finally, Sei Investments Co. raised its position in shares of SAP by 4.2% in the 2nd quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after acquiring an additional 6,785 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on SAP. BMO Capital Markets increased their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays raised 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. JMP Securities raised their price objective on 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 raised their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Up 0.1 %

SAP stock opened at $236.25 on Friday. The firm has a market cap of $290.23 billion, a price-to-earnings ratio of 94.50, a PEG ratio of 4.53 and a beta of 1.25. The stock has a fifty day simple moving average of $230.65 and a two-hundred day simple moving average of $212.23. SAP SE has a 12 month low of $148.38 and a 12 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.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 EPS. Equities analysts predict that SAP SE will post 4.89 EPS for the current fiscal year.

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.