Traveka Wealth LLC Increases Stake in SAP SE (NYSE:SAP)

Traveka Wealth LLC raised its holdings in shares of SAP SE (NYSE:SAP) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,665 shares of the software maker’s stock after acquiring an additional 99 shares during the quarter. Traveka Wealth LLC’s holdings in SAP were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SAP. Wedmont Private Capital raised its holdings in shares of SAP by 2.4% during the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after acquiring an additional 46 shares in the last quarter. Confluence Investment Management LLC increased its position in SAP by 1.1% in the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares during the last quarter. PDS Planning Inc raised its stake in SAP by 1.3% during the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock valued at $915,000 after purchasing an additional 51 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in SAP by 5.0% during the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after purchasing an additional 52 shares during the last quarter. Finally, Drive Wealth Management LLC grew its stake in shares of SAP by 2.9% in the 3rd quarter. Drive Wealth Management LLC now owns 2,172 shares of the software maker’s stock worth $498,000 after buying an additional 61 shares in the last quarter.

SAP Stock Down 0.8 %

NYSE:SAP opened at $249.44 on Tuesday. The company has a market cap of $306.44 billion, a price-to-earnings ratio of 99.78, a price-to-earnings-growth ratio of 4.94 and a beta of 1.22. SAP SE has a twelve month low of $155.82 and a twelve month high of $256.13. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $243.79 and a 200-day simple moving average of $226.62.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. Analysts anticipate that SAP SE will post 4.8 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BMO Capital Markets increased their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen raised their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, JMP Securities raised their price target on SAP from $245.00 to $300.00 and gave the stock a “market 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 issued a buy rating to the company’s stock. According to MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

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.