Hardy Reed LLC Purchases Shares of 950 SAP SE (NYSE:SAP)

Hardy Reed LLC acquired a new position in shares of SAP SE (NYSE:SAP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 950 shares of the software maker’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. increased its holdings in SAP by 32.6% during the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock worth $49,000 after purchasing an additional 62 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of SAP by 3.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 57,751 shares of the software maker’s stock worth $11,264,000 after buying an additional 1,807 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in SAP in the 1st quarter valued at approximately $741,000. B. Riley Wealth Advisors Inc. lifted its stake in SAP by 48.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,433 shares of the software maker’s stock valued at $865,000 after acquiring an additional 1,437 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in SAP by 99.0% in the 1st quarter. Tidal Investments LLC now owns 8,162 shares of the software maker’s stock valued at $1,592,000 after acquiring an additional 4,061 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAP. Barclays raised their price target on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen raised their target price on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research 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. BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, JMP Securities upped their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Performance

Shares of NYSE SAP opened at $234.98 on Wednesday. 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 company has a market capitalization of $288.67 billion, a P/E ratio of 93.99, a P/E/G ratio of 4.49 and a beta of 1.25. SAP SE has a 12 month low of $148.38 and a 12 month high of $243.01. The stock has a 50 day moving average of $231.11 and a 200-day moving average of $213.00.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS 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 return on equity of 11.44% and a net margin of 8.15%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. As a group, equities research analysts predict that SAP SE will post 4.89 EPS for the current year.

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.