Values First Advisors Inc. Purchases New Shares in SAP SE $SAP

Key Points

• Values First Advisors Inc. purchased 973 shares of SAP SE, valued at approximately $296,000, during the second quarter, highlighting investor interest in the software maker.
• Several institutional investors have also increased their stakes in SAP, including Central Pacific Bank Trust Division, which acquired a new stake valued at $920,000.
• SAP reported strong financial performance, achieving a 12-month revenue increase of 8.9% year-over-year with earnings of $1.70 per share, exceeding analyst expectations.

Values First Advisors Inc. purchased a new stake in shares of SAP SE (NYSE:SAP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 973 shares of the software maker's stock, valued at approximately $296,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new stake in SAP during the 2nd quarter valued at $920,000. Modern Wealth Management LLC increased its holdings in 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 in the last quarter. Ascent Group LLC increased its holdings in 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 in the last quarter. Goldman Sachs Group Inc. increased its holdings in 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 in the last quarter. Finally, Bain Capital Public Equity Management II LLC acquired a new stake in SAP during the 1st quarter valued at $13,869,000.

SAP Stock Down 0.7%

Shares of SAP stock opened at $269.66 on Friday. The company has a quick ratio of 1.03, a current 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 has a fifty day simple moving average of $270.13 and a 200 day simple moving average of $282.35. The stock has a market cap of $331.28 billion, a PE ratio of 44.65, a price-to-earnings-growth ratio of 4.04 and a beta of 1.28.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 EPS for the quarter, topping 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 business had revenue of $10.58 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts predict that SAP SE will post 6.55 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SAP shares. JMP Securities lifted their target price on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research note on Wednesday, July 23rd. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. Barclays reissued an "overweight" rating and issued a $322.00 target price (up from $308.00) on shares of SAP in a research note on Friday, July 25th. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research note on Tuesday, September 16th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of SAP in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $281.67.

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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