OneAscent Financial Services LLC Makes New Investment in SAP SE (NYSE:SAP)

OneAscent Financial Services LLC purchased a new position in SAP SE (NYSE:SAP) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,509 shares of the software maker’s stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Modera Wealth Management LLC raised its position in shares of SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after purchasing an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in SAP by 3.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after acquiring an additional 51 shares in the last quarter. PDS Planning Inc grew its stake in SAP by 1.3% during the 3rd quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after acquiring an additional 51 shares in the last quarter. RFP Financial Group LLC grew its stake in shares of SAP by 17.5% in the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock valued at $70,000 after buying an additional 52 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in shares of SAP by 5.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after buying an additional 52 shares during the period.

SAP Stock Up 1.3 %

Shares of NYSE SAP opened at $231.30 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP SE has a 52 week low of $148.38 and a 52 week high of $243.01. The firm has a 50-day moving average price of $229.32 and a 200 day moving average price of $211.02. The stock has a market capitalization of $284.15 billion, a price-to-earnings ratio of 92.52, a price-to-earnings-growth ratio of 4.41 and a beta of 1.25.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $1.20 EPS. Equities research analysts anticipate that SAP SE will post 4.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SAP shares. JMP Securities increased their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Barclays raised their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. TD Cowen raised their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets raised their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $252.33.

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.