Farther Finance Advisors LLC Buys 1,141 Shares of SAP SE $SAP

Key Points

• Farther Finance Advisors LLC increased its stake in SAP SE by 39.2%, adding 1,141 shares during the second quarter, bringing its total holdings to 4,050 shares valued at $1,232,000.
• Analysts have shown a positive outlook for SAP, with Barclays raising the target price to $322, and JMP Securities increasing it to $375, as part of a broader trend of rating upgrades.
• SAP recently reported quarterly earnings of $1.70 per share, exceeding forecasts, with revenues reaching $10.58 billion and an 8.9% year-over-year increase.

Farther Finance Advisors LLC boosted its holdings in SAP SE (NYSE:SAP - Free Report) by 39.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,050 shares of the software maker's stock after acquiring an additional 1,141 shares during the quarter. Farther Finance Advisors LLC's holdings in SAP were worth $1,232,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in SAP in the 2nd quarter worth about $920,000. Modern Wealth Management LLC increased its position in shares of SAP by 292.2% during the 1st quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker's stock valued at $1,252,000 after purchasing an additional 3,474 shares during the last quarter. Ascent Group LLC increased its position in shares of SAP by 196.3% during the 1st quarter. Ascent Group LLC now owns 4,175 shares of the software maker's stock valued at $1,121,000 after purchasing an additional 2,766 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of SAP by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock valued at $354,048,000 after purchasing an additional 80,164 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC bought a new position in shares of SAP during the 1st quarter valued at about $13,869,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SAP shares. Barclays restated an "overweight" rating and set a $322.00 target price (up from $308.00) on shares of SAP in a report on Friday, July 25th. JMP Securities increased their target price on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. Erste Group Bank cut SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $281.67.

SAP Trading Up 0.0%

SAP opened at $265.38 on Wednesday. SAP SE has a 52 week low of $217.51 and a 52 week high of $313.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market cap of $326.02 billion, a PE ratio of 43.94, a PEG ratio of 3.80 and a beta of 1.29. The business has a 50 day moving average of $278.10 and a 200-day moving average of $282.25.

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

SAP Company 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.

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