Great Valley Advisor Group Inc. Has $300,000 Stock Holdings in SAP SE (NYSE:SAP)

Great Valley Advisor Group Inc. grew its position in shares of SAP SE (NYSE:SAP) by 3.5% during the second quarter, HoldingsChannel.com reports. The firm owned 1,488 shares of the software maker’s stock after purchasing an additional 51 shares during the period. Great Valley Advisor Group Inc.’s holdings in SAP were worth $300,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in SAP in the first quarter worth approximately $25,000. LRI Investments LLC bought a new stake in shares of SAP during the first quarter valued at approximately $25,000. Sunbelt Securities Inc. bought a new stake in shares of SAP during the first quarter valued at approximately $29,000. Wetzel Investment Advisors Inc. bought a new stake in shares of SAP during the fourth quarter valued at approximately $31,000. Finally, Adirondack Trust Co. increased its holdings in shares of SAP by 121.1% during the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after acquiring an additional 109 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. TD Cowen boosted their price objective on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Sanford C. Bernstein started coverage on SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price on the stock. Barclays lifted their target price on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research report on Tuesday. JMP Securities lifted their target price on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets boosted their price objective on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $232.00.

SAP Trading Up 0.4 %

Shares of SAP stock opened at $213.48 on Thursday. The company’s 50-day moving average price is $200.82 and its 200-day moving average price is $191.51. The company has a market cap of $251.82 billion, a price-to-earnings ratio of 46.11, a PEG ratio of 4.12 and a beta of 1.25. SAP SE has a 12-month low of $126.75 and a 12-month high of $214.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

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

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.