Eagle Asset Management Inc. purchased a new stake in SAP SE (NYSE:SAP) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,455 shares of the software maker’s stock, valued at approximately $525,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Next Capital Management LLC acquired a new position in shares of SAP in the 2nd quarter valued at $26,000. Horan Capital Advisors LLC. acquired a new position in shares of SAP in the 3rd quarter valued at $28,000. North Star Investment Management Corp. acquired a new position in shares of SAP in the 3rd quarter valued at $35,000. Sonora Investment Management LLC boosted its holdings in shares of SAP by 38.5% in the 3rd quarter. Sonora Investment Management LLC now owns 313 shares of the software maker’s stock valued at $37,000 after purchasing an additional 87 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of SAP by 46.4% in the 3rd quarter. CWM LLC now owns 328 shares of the software maker’s stock valued at $39,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 5.02% of the company’s stock.
Several equities analysts recently weighed in on the stock. UBS Group restated a “neutral” rating and set a $125.00 target price on shares of SAP in a report on Tuesday, November 5th. National Bank Financial lifted their target price on shares of SAP from $43.00 to $45.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Oddo Bhf restated a “neutral” rating and set a $110.00 target price on shares of SAP in a report on Wednesday, October 23rd. Independent Research restated a “neutral” rating and set a $123.00 target price on shares of SAP in a report on Friday, November 8th. Finally, Barclays restated a “buy” rating and set a $125.00 target price on shares of SAP in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $117.79.
SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.19. SAP had a net margin of 12.62% and a return on equity of 16.12%. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts forecast that SAP SE will post 4.46 earnings per share for the current fiscal year.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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