Drive Wealth Management LLC Buys 61 Shares of SAP SE (NYSE:SAP)

Drive Wealth Management LLC boosted its stake in shares of SAP SE (NYSE:SAP) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,172 shares of the software maker’s stock after purchasing an additional 61 shares during the quarter. Drive Wealth Management LLC’s holdings in SAP were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter worth approximately $25,000. LRI Investments LLC purchased a new position in SAP during the 1st quarter worth $25,000. POM Investment Strategies LLC raised its stake in SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the last quarter. Crewe Advisors LLC grew 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, Atticus Wealth Management LLC acquired a new position in shares of SAP in the 2nd quarter valued at $40,000.

SAP Stock Down 1.3 %

Shares of NYSE SAP opened at $228.31 on Monday. SAP SE has a 12-month low of $148.10 and a 12-month high of $243.01. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market cap of $280.48 billion, a PE ratio of 91.32, a P/E/G ratio of 4.41 and a beta of 1.25. The company has a 50-day moving average of $228.97 and a 200 day moving average of $210.67.

SAP (NYSE:SAP) last released its quarterly earnings data 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 return on equity of 11.44% and a net margin of 8.15%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 earnings per share. As a group, sell-side analysts predict that SAP SE will post 4.85 EPS for the current fiscal year.

Analyst Ratings Changes

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

About SAP

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.