Riversedge Advisors LLC Purchases 201 Shares of SAP SE (NYSE:SAP)

Riversedge Advisors LLC boosted its position in SAP SE (NYSE:SAP) by 21.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,145 shares of the software maker’s stock after acquiring an additional 201 shares during the period. Riversedge Advisors LLC’s holdings in SAP were worth $282,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. International Assets Investment Management LLC purchased a new position in SAP during the 3rd quarter valued at $40,573,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of SAP in the 2nd quarter worth about $21,479,000. Finally, Mediolanum International Funds Ltd bought a new stake in shares of SAP during the 3rd quarter valued at about $17,376,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on SAP. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research report on Friday. JMP Securities upped their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. 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. Finally, BMO Capital Markets upped their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $263.17.

SAP Stock Performance

Shares of SAP stock opened at $262.74 on Friday. The company has a market capitalization of $322.77 billion, a price-to-earnings ratio of 105.09, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP SE has a one year low of $158.94 and a one year high of $264.71. The company’s 50-day moving average is $245.68 and its 200 day moving average is $227.91.

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). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share. Sell-side analysts expect that SAP SE will post 4.66 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.