Seaview Investment Managers LLC Has $3.14 Million Stock Holdings in SAP SE $SAP

Seaview Investment Managers LLC increased its position in SAP SE (NYSE:SAP) by 191.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,744 shares of the software maker’s stock after acquiring an additional 7,714 shares during the quarter. Seaview Investment Managers LLC’s holdings in SAP were worth $3,138,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. First PREMIER Bank bought a new position in SAP in the third quarter worth approximately $25,000. Retirement Wealth Solutions LLC increased its holdings in shares of SAP by 246.4% during the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after acquiring an additional 69 shares in the last quarter. Copia Wealth Management acquired a new position in shares of SAP during the third quarter worth approximately $28,000. Guerra Advisors Inc bought a new position in shares of SAP in the 3rd quarter worth $31,000. Finally, Albion Financial Group UT grew its position in SAP by 56.8% in the 3rd quarter. Albion Financial Group UT now owns 127 shares of the software maker’s stock valued at $34,000 after purchasing an additional 46 shares during the period.

Wall Street Analyst Weigh In

SAP has been the topic of several research reports. Arete Research upgraded shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Monday, October 27th. Santander raised shares of SAP to a “neutral” rating in a research report on Tuesday, February 3rd. Barclays set a $283.00 target price on shares of SAP in a research note on Monday, February 2nd. Finally, Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Trading Up 0.8%

NYSE:SAP opened at $212.13 on Wednesday. SAP SE has a 1 year low of $189.22 and a 1 year high of $313.28. The stock’s fifty day moving average price is $234.34 and its two-hundred day moving average price is $254.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 1.10. The company has a market cap of $260.60 billion, a P/E ratio of 30.09, a P/E/G ratio of 2.34 and a beta of 1.17.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $9.77 billion. SAP had a return on equity of 16.52% and a net margin of 19.92%.The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 EPS. As a group, analysts expect that SAP SE will post 6.55 EPS for the current year.

SAP Profile

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.