Riversedge Advisors LLC Has $384,000 Stock Position in SAP SE (NYSE:SAP)

by · The Cerbat Gem

Riversedge Advisors LLC lifted its holdings in SAP SE (NYSE:SAP – Free Report) by 25.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,432 shares of the software maker’s stock after acquiring an additional 287 shares during the quarter. Riversedge Advisors LLC’s holdings in SAP were worth $384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after acquiring an additional 108 shares in the last quarter. Founders Capital Management boosted its holdings in shares of SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker’s stock worth $35,000 after acquiring an additional 75 shares in the last quarter. Finally, Highline Wealth Partners LLC lifted its holdings in SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after buying an additional 77 shares in the last quarter.

Wall Street Analyst Weigh In

SAP has been the topic of several research reports. Barclays reaffirmed an “overweight” rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Wall Street Zen raised SAP from a “hold” rating to a “buy” rating in a report on Sunday, June 29th. BMO Capital Markets upped their price objective on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research note on Friday, May 2nd. Finally, Wells Fargo & Company initiated coverage on SAP in a research note on Tuesday, May 20th. They issued an “overweight” rating on the stock. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $271.83.

Read Our Latest Stock Analysis on SAP

SAP Stock Performance

Shares of SAP stock opened at $300.99 on Friday. The company has a market capitalization of $369.77 billion, a PE ratio of 57.66, a PEG ratio of 4.33 and a beta of 1.30. SAP SE has a 12 month low of $194.93 and a 12 month high of $313.28. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $299.07 and its 200 day simple moving average is $279.28.

SAP (NYSE:SAP – Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. On average, research analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Company Profile

(Free Report)

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.

See Also

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