West Family Investments Inc. Acquires 315 Shares of SAP SE (NYSE:SAP)

West Family Investments Inc. raised its stake in SAP SE (NYSE:SAP) by 5.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,211 shares of the software maker’s stock after buying an additional 315 shares during the quarter. West Family Investments Inc.’s holdings in SAP were worth $1,423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Godsey & Gibb Inc. purchased a new position in SAP during the 3rd quarter worth $25,000. LRI Investments LLC acquired a new position in shares of SAP during the first quarter valued at about $25,000. POM Investment Strategies LLC raised its position in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC boosted its stake in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after purchasing an additional 127 shares in the last quarter. Finally, Atticus Wealth Management LLC purchased a new stake in SAP during the 2nd quarter worth approximately $40,000.

Wall Street Analysts Forecast Growth

SAP has been the subject of several research reports. 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 note on Tuesday, October 22nd. Barclays boosted their price target on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. JMP Securities lifted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. One investment 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, SAP currently has an average rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Down 0.6 %

Shares of SAP opened at $229.96 on Tuesday. The company has a market capitalization of $282.51 billion, a price-to-earnings ratio of 92.52, a PEG ratio of 4.41 and a beta of 1.25. SAP SE has a 52 week low of $148.38 and a 52 week high of $243.01. The stock’s 50-day moving average price is $229.32 and its 200-day moving average price is $211.02. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings data 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 company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.20 EPS. On average, sell-side analysts predict that SAP SE will post 4.85 EPS 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.