Corient IA LLC Invests $671,000 in SAP SE $SAP

Key Points

• Corient IA LLC has acquired 2,500 shares of SAP SE, valued at approximately $671,000, as part of their 1st quarter investments.
• SAP reported an earnings per share (EPS) of $1.70 for the last quarter, exceeding analysts' expectations by $0.07 and showcasing a revenue increase of 8.9% year-over-year.
• Analysts have generally rated SAP positively, with an average target price of $281.67 and a majority assigning a "buy" or "overweight" rating to the stock.

Corient IA LLC bought a new position in SAP SE (NYSE:SAP - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,500 shares of the software maker's stock, valued at approximately $671,000.

Other large investors also recently made changes to their positions in the company. Principal Street Partners LLC raised its stake in SAP by 1.0% in the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock worth $908,000 after purchasing an additional 35 shares in the last quarter. Independent Advisor Alliance grew its holdings in shares of SAP by 0.4% during the 1st quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker's stock valued at $2,673,000 after purchasing an additional 35 shares during the last quarter. Cordatus Wealth Management LLC grew its holdings in shares of SAP by 1.1% during the 1st quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock valued at $889,000 after purchasing an additional 37 shares during the last quarter. Alaethes Wealth LLC grew its holdings in shares of SAP by 0.4% during the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock valued at $2,730,000 after purchasing an additional 39 shares during the last quarter. Finally, LCM Capital Management Inc grew its holdings in SAP by 1.9% during the 1st quarter. LCM Capital Management Inc now owns 2,074 shares of the software maker's stock worth $557,000 after acquiring an additional 39 shares during the last quarter.

SAP Price Performance

Shares of SAP stock traded down $3.3150 during trading hours on Thursday, reaching $269.2150. The stock had a trading volume of 1,574,864 shares, compared to its average volume of 1,362,803. The stock's fifty day simple moving average is $293.48 and its 200 day simple moving average is $285.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a 12 month low of $210.38 and a 12 month high of $313.28. The firm has a market capitalization of $330.73 billion, a PE ratio of 44.57, a PEG ratio of 3.94 and a beta of 1.27.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The company had revenue of $10.58 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the business earned $1.10 earnings per share. SAP's revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAP. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. JMP Securities upped their price objective on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company started coverage on shares of SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock. Morgan Stanley reiterated an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. Finally, Barclays restated an "overweight" rating and set a $322.00 price target (up previously from $308.00) on shares of SAP in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, SAP currently has an average rating of "Buy" and an average target price of $281.67.

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.