Eagle Global Advisors LLC Buys 7,270 Shares of SAP SE $SAP

Eagle Global Advisors LLC boosted its position in SAP SE (NYSE:SAP) by 43.9% during the third quarter, Holdings Channel reports. The fund owned 23,812 shares of the software maker’s stock after acquiring an additional 7,270 shares during the period. Eagle Global Advisors LLC’s holdings in SAP were worth $6,363,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SAP. First PREMIER Bank purchased a new position in shares of SAP in the 3rd quarter worth about $25,000. Retirement Wealth Solutions LLC raised its holdings in shares of SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after buying an additional 69 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in SAP in the 2nd quarter worth approximately $31,000. Princeton Global Asset Management LLC purchased a new stake in SAP in the second quarter worth approximately $38,000. Finally, Motco grew its position in SAP by 400.0% during the second quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Oddo Bhf raised shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Citigroup reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, December 11th. Argus reiterated a “buy” rating and issued a $320.00 price objective on shares of SAP in a report on Friday, October 24th. Finally, Arete Research raised SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, SAP has an average rating of “Buy” and a consensus target price of $284.33.

SAP Stock Performance

Shares of NYSE:SAP opened at $238.90 on Thursday. The company has a market cap of $303.56 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 3.04 and a beta of 1.18. The company has a 50-day moving average price of $243.90 and a 200-day moving average price of $266.39. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. SAP SE has a 12 month low of $233.51 and a 12 month high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The company had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.SAP’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 EPS. As a group, equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.