AdvisorNet Financial Inc Has $143,000 Holdings in SAP SE (NYSE:SAP)

AdvisorNet Financial Inc increased its position in shares of SAP SE (NYSE:SAP) by 30.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 711 shares of the software maker’s stock after acquiring an additional 166 shares during the period. AdvisorNet Financial Inc’s holdings in SAP were worth $143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Great Valley Advisor Group Inc. raised its position in shares of SAP by 3.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after acquiring an additional 51 shares during the last quarter. Bessemer Group Inc. raised its position in shares of SAP by 32.6% in the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock worth $49,000 after acquiring an additional 62 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its stake in shares of SAP by 2.6% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 2,509 shares of the software maker’s stock valued at $388,000 after purchasing an additional 63 shares during the period. Haverford Trust Co increased its holdings in SAP by 1.2% in the first quarter. Haverford Trust Co now owns 5,594 shares of the software maker’s stock worth $1,091,000 after purchasing an additional 65 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its position in shares of SAP by 4.1% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 1,690 shares of the software maker’s stock worth $341,000 after buying an additional 66 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen raised their price objective on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. JMP Securities boosted their target price on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. BMO Capital Markets raised their price target on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Barclays increased their price objective on SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research note on Tuesday. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $232.00.

SAP Stock Performance

Shares of SAP traded up $2.39 during mid-day trading on Thursday, hitting $214.94. The stock had a trading volume of 543,007 shares, compared to its average volume of 782,437. SAP SE has a 52 week low of $126.75 and a 52 week high of $215.52. The business has a fifty day moving average price of $200.82 and a 200-day moving average price of $191.51. The firm has a market cap of $253.54 billion, a P/E ratio of 46.31, a PEG ratio of 4.12 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same period in the prior year, the company posted $0.71 EPS. SAP’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that SAP SE will post 4.75 EPS for the current year.

About SAP

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.