Farther Finance Advisors LLC Purchases 925 Shares of SAP SE (NYSE:SAP)

Farther Finance Advisors LLC boosted its position in shares of SAP SE (NYSE:SAP) by 63.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,393 shares of the software maker’s stock after purchasing an additional 925 shares during the quarter. Farther Finance Advisors LLC’s holdings in SAP were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in SAP during the 1st quarter worth about $25,000. LRI Investments LLC bought a new stake in shares of SAP in the 1st quarter valued at about $25,000. POM Investment Strategies LLC increased its stake in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares during the last quarter. Crewe Advisors LLC increased its stake in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of SAP in the 1st quarter valued at about $29,000.

SAP Trading Down 1.5 %

NYSE:SAP opened at $216.32 on Wednesday. SAP SE has a twelve month low of $126.75 and a twelve month high of $221.24. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $208.16 and a two-hundred day moving average price of $195.56.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Equities analysts predict that SAP SE will post 4.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SAP shares. Barclays upped their price target on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Sanford C. Bernstein started coverage on SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price target for the company. TD Cowen upped their price target on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets increased their target price on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, SAP 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.