75,687 Shares in SAP SE (NYSE:SAP) Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd acquired a new position in SAP SE (NYSE:SAP) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 75,687 shares of the software maker’s stock, valued at approximately $17,376,000.

Several other hedge funds have also recently bought and sold shares of SAP. Modera Wealth Management LLC lifted its position in shares of SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after buying an additional 50 shares during the period. Great Valley Advisor Group Inc. lifted 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 worth $300,000 after buying an additional 51 shares during the period. RFP Financial Group LLC lifted 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 worth $70,000 after buying an additional 52 shares during the period. PFG Investments LLC raised its position in SAP by 2.6% in the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock valued at $490,000 after purchasing an additional 61 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in SAP by 32.6% in the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock valued at $49,000 after purchasing an additional 62 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SAP. JMP Securities boosted their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday. TD Cowen boosted their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday. BMO Capital Markets boosted their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays lifted their price objective on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Trading Up 0.7 %

NYSE:SAP traded up $1.55 on Friday, reaching $239.85. The company’s stock had a trading volume of 190,171 shares, compared to its average volume of 793,828. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $294.66 billion, a PE ratio of 95.34, a PEG ratio of 4.42 and a beta of 1.25. The business’s 50-day moving average price is $222.71 and its two-hundred day moving average price is $204.27. SAP SE has a 1-year low of $130.63 and a 1-year high of $240.00.

SAP (NYSE:SAP) last posted 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). 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 11.39% and a net margin of 8.15%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 earnings per share. Equities research analysts anticipate that SAP SE will post 4.83 earnings per share for the current fiscal year.

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.