SAP SE (NYSE:SAP) Position Boosted by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC raised its holdings in shares of SAP SE (NYSE:SAP) by 17.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,346 shares of the software maker’s stock after acquiring an additional 199 shares during the period. Crestwood Advisors Group LLC’s holdings in SAP were worth $308,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. LRI Investments LLC bought a new stake in shares of SAP during the first quarter valued at about $25,000. Godsey & Gibb Inc. acquired a new stake in shares of SAP in the 3rd quarter worth approximately $25,000. POM Investment Strategies LLC increased its stake in shares of SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares during the period. Crewe Advisors LLC increased its stake in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in SAP by 254.2% in the first quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker’s stock worth $33,000 after purchasing an additional 122 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SAP. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. 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. BMO Capital Markets upped their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen boosted their target price on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Barclays raised their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, SAP presently has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Down 2.0 %

SAP stock opened at $231.26 on Thursday. 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 firm has a market capitalization of $284.10 billion, a P/E ratio of 92.50, a P/E/G ratio of 4.46 and a beta of 1.25. SAP SE has a 52-week low of $139.76 and a 52-week high of $243.01. The company’s 50 day simple moving average is $226.49 and its 200-day simple moving average is $208.02.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. As a group, equities research analysts anticipate that SAP SE will post 4.9 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.