FNY Investment Advisers LLC Purchases New Holdings in SAP SE $SAP

Key Points

• FNY Investment Advisers LLC has acquired 5,000 shares of SAP SE, valued at approximately $1.52 million, during the second quarter.
• SAP has received a consensus rating of Buy from analysts, with an average target price of $281.67 per share.
• The software maker reported earnings of $1.70 per share for the latest quarter, exceeding analysts' estimates and reflecting an 8.9% revenue increase year-over-year.

FNY Investment Advisers LLC acquired a new position in SAP SE (NYSE:SAP - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the software maker's stock, valued at approximately $1,520,000.

Several other large investors have also modified their holdings of SAP. Bartlett & CO. Wealth Management LLC lifted its stake in shares of SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after acquiring an additional 82 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of SAP during the second quarter worth $31,000. Creative Financial Designs Inc. ADV lifted its position in shares of SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of SAP during the second quarter valued at $38,000. Finally, Dagco Inc. bought a new position in shares of SAP in the first quarter worth about $45,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SAP shares. Weiss Ratings reissued a "buy (b)" rating on shares of SAP in a research report on Wednesday, October 8th. Barclays reaffirmed an "overweight" rating and set a $322.00 price target (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. Erste Group Bank downgraded SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. JMP Securities upped their target price on SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley restated an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $281.67.

SAP Trading Up 1.0%

Shares of NYSE:SAP opened at $280.61 on Wednesday. The company has a market capitalization of $344.73 billion, a PE ratio of 46.46, a P/E/G ratio of 4.13 and a beta of 1.28. 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 $227.52 and a 12-month high of $313.28. The business's fifty day simple moving average is $269.65 and its 200-day simple moving average is $282.76.

SAP (NYSE:SAP - Get Free Report) last issued 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. SAP had a return on equity of 14.84% and a net margin of 18.26%.The company had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the company earned $1.10 earnings per share. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal 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.

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