Crewe Advisors LLC Purchases 127 Shares of SAP SE (NYSE:SAP)

Crewe Advisors LLC grew its position in SAP SE (NYSE:SAP) by 1,270.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137 shares of the software maker’s stock after purchasing an additional 127 shares during the quarter. Crewe Advisors LLC’s holdings in SAP were worth $28,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital International Investors raised its position in shares of SAP by 8.1% in the fourth quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after purchasing an additional 746,386 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of SAP by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after acquiring an additional 26,031 shares during the last quarter. Raymond James & Associates grew its stake in shares of SAP by 3.7% in the second quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock worth $127,473,000 after acquiring an additional 22,438 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of SAP by 21.2% in the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after acquiring an additional 108,729 shares during the last quarter. Finally, Natixis Advisors L.P. grew its stake in shares of SAP by 8.3% in the fourth quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock worth $62,566,000 after acquiring an additional 31,135 shares during the last quarter.

SAP Stock Up 0.4 %

Shares of NYSE:SAP opened at $219.59 on Friday. SAP SE has a 52 week low of $126.75 and a 52 week high of $221.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The company’s fifty day moving average is $206.68 and its 200-day moving average is $194.44. The company has a market capitalization of $259.02 billion, a PE ratio of 47.66, a P/E/G ratio of 4.27 and a beta of 1.25.

SAP (NYSE:SAP) last issued its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that SAP SE will post 4.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SAP shares. BMO Capital Markets raised their price objective on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. TD Cowen raised their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities lifted their price target on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. Finally, Sanford C. Bernstein initiated coverage on shares of SAP in a research note on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price target on the stock. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $232.00.

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.