NorthCrest Asset Manangement LLC Raises Stake in SAP SE (NYSE:SAP)

NorthCrest Asset Manangement LLC grew its stake in shares of SAP SE (NYSE:SAP) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,277 shares of the software maker’s stock after buying an additional 1,731 shares during the period. NorthCrest Asset Manangement LLC’s holdings in SAP were worth $17,704,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Godsey & Gibb Inc. bought a new position in shares of SAP in the third quarter worth $25,000. LRI Investments LLC bought a new stake in SAP during the first quarter valued at approximately $25,000. POM Investment Strategies LLC raised its position in shares of SAP by 892.3% during the 2nd 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 in the last quarter. Crewe Advisors LLC lifted its holdings in shares of 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 acquiring an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in SAP in the first quarter worth $29,000.

SAP Trading Down 0.3 %

Shares of SAP traded down $0.61 during mid-day trading on Friday, hitting $237.69. 741,545 shares of the company’s stock traded hands, compared to its average volume of 796,464. The business’s 50-day moving average price is $223.61 and its 200-day moving average price is $204.82. SAP SE has a 1 year low of $130.63 and a 1 year high of $240.08. The firm has a market capitalization of $292.00 billion, a P/E ratio of 51.57, a PEG ratio of 4.42 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.39% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the business posted $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, sell-side analysts forecast that SAP SE will post 4.83 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.