B. Riley Wealth Advisors Inc. Buys Shares of 2,164 SAP SE $SAP

B. Riley Wealth Advisors Inc. purchased a new position in shares of SAP SE (NYSE:SAP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,164 shares of the software maker’s stock, valued at approximately $658,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. boosted its holdings in SAP by 3.2% in the second quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock worth $338,000 after acquiring an additional 34 shares in the last quarter. Sage Rhino Capital LLC lifted its position in SAP by 1.1% during the 2nd quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock worth $1,045,000 after acquiring an additional 37 shares during the period. State of Wyoming boosted its position in SAP by 11.6% in the first quarter. State of Wyoming now owns 384 shares of the software maker’s stock valued at $103,000 after buying an additional 40 shares during the last quarter. Certuity LLC raised its position in SAP by 2.4% during the 2nd quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock worth $568,000 after buying an additional 43 shares during the last quarter. Finally, Tritonpoint Wealth LLC lifted its stake in SAP by 1.2% during the 2nd quarter. Tritonpoint Wealth LLC now owns 3,728 shares of the software maker’s stock valued at $1,134,000 after acquiring an additional 45 shares during the period.

Analyst Ratings Changes

SAP has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a report on Monday, October 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of SAP in a report on Friday, October 31st. JMP Securities reaffirmed a “market outperform” rating and set a $375.00 price objective on shares of SAP in a research note on Thursday, October 23rd. Barclays boosted their target price on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Finally, KeyCorp restated an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and an average price target of $284.33.

SAP Stock Down 0.4%

Shares of NYSE SAP opened at $243.52 on Wednesday. SAP SE has a 52-week low of $233.51 and a 52-week high of $313.28. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The company’s 50-day simple moving average is $254.81 and its 200-day simple moving average is $274.33. The firm has a market cap of $299.17 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 3.51 and a beta of 1.19.

SAP (NYSE:SAP) last issued its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.17. The firm had revenue of $10.65 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.69%. SAP’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.23 EPS. Equities analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

About SAP

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.