Naviter Wealth LLC Raises Position in SAP SE (NYSE:SAP)

Naviter Wealth LLC lifted its position in SAP SE (NYSE:SAP) by 5.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,166 shares of the software maker’s stock after acquiring an additional 1,093 shares during the period. Naviter Wealth LLC’s holdings in SAP were worth $4,269,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital International Investors raised its stake in shares of SAP by 8.1% in the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after purchasing an additional 746,386 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in SAP during the 1st quarter valued at about $58,936,000. Verity & Verity LLC purchased a new stake in shares of SAP during the 1st quarter valued at about $35,000. Principal Financial Group Inc. grew its stake in shares of SAP by 21.2% in the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after acquiring an additional 108,729 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in shares of SAP in the second quarter worth approximately $20,532,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. TD Cowen raised their price target on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. JMP Securities increased their target price on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. Finally, Sanford C. Bernstein began coverage on SAP in a research note on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price target for the company. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $232.00.

SAP Stock Performance

NYSE SAP traded down $0.84 on Tuesday, hitting $218.87. 177,168 shares of the company traded hands, compared to its average volume of 782,826. The business’s 50 day moving average price is $207.75 and its 200-day moving average price is $195.28. SAP SE has a 52-week low of $126.75 and a 52-week high of $221.24. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $258.17 billion, a price-to-earnings ratio of 47.79, a P/E/G ratio of 4.34 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Equities analysts expect that SAP SE will post 4.75 earnings per share for the current 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.