West Family Investments Inc. Raises Stock Holdings in SAP SE (NYSE:SAP)

West Family Investments Inc. lifted its holdings in SAP SE (NYSE:SAP) by 5.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,211 shares of the software maker’s stock after purchasing an additional 315 shares during the quarter. West Family Investments Inc.’s holdings in SAP were worth $1,423,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LRI Investments LLC purchased a new position in shares of SAP in the 1st quarter worth $25,000. Godsey & Gibb Inc. bought a new stake in SAP during the third quarter worth approximately $25,000. POM Investment Strategies LLC raised its position in 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 purchasing an additional 116 shares during the period. Crewe Advisors LLC lifted its stake in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 127 shares during the last quarter. Finally, Atticus Wealth Management LLC purchased a new position in shares of SAP in the 2nd quarter worth approximately $40,000.

Wall Street Analysts Forecast Growth

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

SAP Stock Performance

Shares of NYSE:SAP opened at $229.96 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $282.51 billion, a PE ratio of 92.52, a price-to-earnings-growth ratio of 4.41 and a beta of 1.25. The firm’s 50 day simple moving average is $229.32 and its 200-day simple moving average is $211.02. SAP SE has a one year low of $148.38 and a one year high of $243.01.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts predict that SAP SE will post 4.85 EPS for the current year.

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.