Morse Asset Management Inc acquired a new stake in SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,441 shares of the software maker's stock, valued at approximately $655,000.
Other large investors also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC lifted its stake in SAP by 585.7% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake 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 valued at $29,000 after purchasing an additional 66 shares in the last quarter. Founders Capital Management raised its stake in shares of SAP by 133.9% during the first quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Highline Wealth Partners LLC raised its stake in shares of SAP by 126.2% during the first quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after purchasing an additional 77 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of SAP during the first quarter valued at about $53,000.
SAP Stock Up 0.5%
Shares of NYSE:SAP traded up $1.46 during mid-day trading on Monday, reaching $307.43. 936,223 shares of the stock were exchanged, compared to its average volume of 1,101,873. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The company has a market cap of $377.68 billion, a P/E ratio of 58.89, a P/E/G ratio of 4.33 and a beta of 1.30. SAP SE has a one year low of $194.93 and a one year high of $313.28. The stock's 50 day simple moving average is $299.81 and its 200-day simple moving average is $281.66.
SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. As a group, equities research analysts predict that SAP SE will post 6.55 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have commented on SAP. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Wells Fargo & Company began coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. UBS Group upgraded SAP to a "strong-buy" rating in a research report on Friday, May 30th. Barclays restated an "overweight" rating and set a $308.00 price objective (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Finally, BMO Capital Markets lifted their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, SAP currently has an average rating of "Buy" and a consensus price target of $271.83.
Get Our Latest Stock Analysis on SAP
About SAP
(
Free Report)
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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