Oppenheimer & Co. Inc. Makes New Investment in SAP SE (NYSE:SAP)

Oppenheimer & Co. Inc. bought a new position in SAP SE (NYSE:SAP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 917 shares of the software maker’s stock, valued at approximately $210,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Modera Wealth Management LLC increased its stake in SAP by 1.4% in the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of SAP by 3.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after purchasing an additional 51 shares during the last quarter. PDS Planning Inc increased its position in shares of SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after purchasing an additional 51 shares during the last quarter. RFP Financial Group LLC increased its position in shares of SAP by 17.5% during the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock valued at $70,000 after purchasing an additional 52 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in shares of SAP by 5.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after purchasing an additional 52 shares during the last quarter.

SAP Trading Up 0.1 %

Shares of SAP stock opened at $236.25 on Friday. SAP SE has a 1-year low of $148.38 and a 1-year high of $243.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50-day moving average of $230.65 and a 200 day moving average of $212.23. The stock has a market capitalization of $290.23 billion, a PE ratio of 94.50, a P/E/G ratio of 4.53 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the business posted $1.20 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that SAP SE will post 4.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SAP. TD Cowen increased their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities increased their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays increased their target price on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $252.33.

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.