Connective Portfolio Management LLC Acquires New Holdings in SAP SE (NYSE:SAP)

Connective Portfolio Management LLC bought a new position in shares of SAP SE (NYSE:SAP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,015 shares of the software maker’s stock, valued at approximately $1,607,000. SAP comprises about 1.8% of Connective Portfolio Management LLC’s holdings, making the stock its 13th biggest position.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in SAP during the 1st quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in SAP in the first quarter valued at $25,000. POM Investment Strategies LLC raised its position in SAP by 892.3% during the 2nd 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 last quarter. Crewe Advisors LLC raised its position in SAP by 1,270.0% during 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 during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of SAP in the 1st quarter valued at about $29,000.

SAP Stock Down 0.1 %

Shares of SAP stock traded down $0.19 on Wednesday, reaching $226.44. 52,387 shares of the company were exchanged, compared to its average volume of 780,259. SAP SE has a one year low of $127.30 and a one year high of $231.13. The company has a market cap of $278.18 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 4.32 and a beta of 1.25. The company has a 50-day moving average of $217.52 and a 200-day moving average of $201.58. 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 announced its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $0.71 earnings per share. Analysts anticipate that SAP SE will post 4.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAP. 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. JMP Securities boosted their price target on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Barclays increased their price objective on shares of SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. BMO Capital Markets boosted their target price on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, Argus upgraded 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.