Nisa Investment Advisors LLC Makes New Investment in SAP SE (NYSE:SAP)

Nisa Investment Advisors LLC acquired a new stake in SAP SE (NYSE:SAP) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 400 shares of the software maker’s stock, valued at approximately $107,000.

A number of other hedge funds have also modified their holdings of the business. Principal Street Partners LLC increased its holdings in shares of SAP by 1.0% in the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker’s stock valued at $908,000 after purchasing an additional 35 shares during the period. Alaethes Wealth LLC grew its position in SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker’s stock valued at $2,730,000 after buying an additional 39 shares during the last quarter. D Orazio & Associates Inc. increased its stake in SAP by 3.1% in the 1st quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker’s stock valued at $367,000 after buying an additional 41 shares during the period. Principal Securities Inc. raised its position in SAP by 0.5% during the 1st quarter. Principal Securities Inc. now owns 8,825 shares of the software maker’s stock worth $2,173,000 after buying an additional 42 shares during the last quarter. Finally, Warther Private Wealth LLC lifted its stake in shares of SAP by 2.8% in the 1st quarter. Warther Private Wealth LLC now owns 1,711 shares of the software maker’s stock worth $459,000 after acquiring an additional 47 shares during the period.

SAP Stock Down 0.8%

SAP opened at $306.17 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $376.13 billion, a price-to-earnings ratio of 58.65, a PEG ratio of 4.37 and a beta of 1.30. SAP SE has a one year low of $194.93 and a one year high of $313.28. The business’s fifty day moving average is $299.81 and its two-hundred day moving average is $281.15.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during 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%. Analysts anticipate that SAP SE will post 6.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SAP. JMP Securities reissued a “market outperform” rating and set a $330.00 price target on shares of SAP in a report on Friday, May 23rd. UBS Group raised SAP to a “strong-buy” rating in a research note on Friday, May 30th. Wall Street Zen upgraded SAP from a “hold” rating to a “buy” rating in a research note on Sunday, June 29th. Barclays reiterated an “overweight” rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Finally, Wells Fargo & Company assumed coverage on shares of SAP in a research report on Tuesday, May 20th. They set an “overweight” rating on the stock. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $271.83.

SAP Company 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.