Atomi Financial Group Inc. Buys 1,496 Shares of SAP SE (NYSE:SAP)

Atomi Financial Group Inc. raised its stake in shares of SAP SE (NYSE:SAP) by 20.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,991 shares of the software maker’s stock after buying an additional 1,496 shares during the period. Atomi Financial Group Inc.’s holdings in SAP were worth $2,060,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in SAP during the first quarter valued at about $25,000. LRI Investments LLC bought a new position in shares of SAP in the first quarter worth about $25,000. POM Investment Strategies LLC increased its stake in shares of SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares during the period. Crewe Advisors LLC increased 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 worth $28,000 after purchasing an additional 127 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in shares of SAP in the first quarter worth about $29,000.

SAP Stock Up 3.9 %

NYSE SAP opened at $226.63 on Wednesday. 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 stock’s 50 day moving average is $217.12 and its two-hundred day moving average is $201.36. The company has a market capitalization of $278.41 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 4.32 and a beta of 1.25. SAP SE has a 1-year low of $127.30 and a 1-year high of $231.13.

SAP (NYSE:SAP) last released 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 company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. Equities analysts forecast that SAP SE will post 4.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JMP Securities lifted their price objective on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. BMO Capital Markets lifted their price objective on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Barclays lifted their price objective on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. TD Cowen lifted their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $232.17.

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.