Virtu Financial LLC Invests $755,000 in SAP SE (NYSE:SAP)

Virtu Financial LLC bought a new stake in SAP SE (NYSE:SAP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,746 shares of the software maker’s stock, valued at approximately $755,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of SAP during the first quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in SAP during the 1st quarter valued at $25,000. POM Investment Strategies LLC raised its holdings in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after buying an additional 116 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of SAP during the first quarter valued at about $29,000.

SAP Stock Up 3.2 %

Shares of NYSE:SAP opened at $229.00 on Friday. SAP SE has a 1 year low of $126.75 and a 1 year high of $230.19. The company has a market capitalization of $281.33 billion, a PE ratio of 49.67, a price-to-earnings-growth ratio of 4.34 and a beta of 1.25. The business has a fifty day moving average price of $212.28 and a two-hundred day moving average price of $198.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. Analysts forecast that SAP SE will post 4.83 earnings per share for the current year.

Analyst Ratings Changes

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

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.