J.Safra Asset Management Corp Makes New Investment in SAP SE $SAP

Key Points

• J.Safra Asset Management Corp has acquired 1,126 shares of SAP SE, valued at approximately $339,000, indicating a new investment in the prominent software company.
• SAP reported a quarterly earnings per share (EPS) of $1.70, surpassing analysts' expectations of $1.63, with revenues up 8.9% year-over-year.
• Analysts maintain a positive outlook on SAP, with an average rating of "Buy" and a target price of $281.67, while Barclays recently increased its price target to $322.00.

J.Safra Asset Management Corp purchased a new position in shares of SAP SE (NYSE:SAP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,126 shares of the software maker's stock, valued at approximately $339,000.

Other large investors also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its position in shares of SAP by 585.7% in the first 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 in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of SAP in the second quarter worth $31,000. Creative Financial Designs Inc. ADV increased its position in shares of SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Highline Wealth Partners LLC increased its position in shares of SAP by 126.2% in the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock worth $37,000 after acquiring an additional 77 shares in the last quarter. Finally, Dagco Inc. acquired a new stake in shares of SAP in the first quarter worth $45,000.

SAP Trading Up 1.6%

NYSE SAP opened at $269.70 on Tuesday. SAP SE has a 12 month low of $227.52 and a 12 month high of $313.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $331.32 billion, a price-to-earnings ratio of 44.65, a price-to-earnings-growth ratio of 3.94 and a beta of 1.28. The company's fifty day moving average price is $271.34 and its two-hundred day moving average price is $282.51.

SAP (NYSE:SAP - Get Free Report) last posted 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 firm had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the firm posted $1.10 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. As a group, research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SAP. Erste Group Bank lowered shares of SAP from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Oddo Bhf raised shares of SAP from a "neutral" rating to an "outperform" rating in a report on Wednesday, September 24th. Barclays reaffirmed an "overweight" rating and set a $322.00 price target (up from $308.00) on shares of SAP in a report on Friday, July 25th. Piper Sandler started coverage on shares of SAP in a report on Tuesday, June 17th. They set an "overweight" rating for the company. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of SAP in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $281.67.

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.

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